$BTC

in #bitcoin • 6 years ago

#Bitcoin appears to be forming a second bearish continuation pattern and is holding on all short time frames down to the 4hr support area.

EMA's are converging but failed to break upper trend line and was rejected around $9750 w/slowing momentum.

$BTC now needs to destroy this $9750-10k resistance in the coming weeks, on the next retest -- Otherwise bear trend not out of the way until proven otherwise.

Resistance above: $9000, $9200
Support right below: $8400, $8000

1 hour Chart was working on a rising wedge/bear flag prior to the chop down as illustrated here:

#cryptocurrency #blockchain #crypto #steemit
6 years ago in #bitcoin by
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