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Bitcoin: Awaiting Long Entry Below 9000ish


SMA100 forms the top resistance, which is with time growing and becoming a mammoth target.

SMA200 holds; median line of the set pitch form i.e. 0.5 also holds and aligns with SMA200.

In coming 20hrs, SMA200 support may get retested (@8860). MACD is still entering the buying zone.

Bearish continuation until a rebound above 8860. If breached, very likely, next test will be 6k previously called as provisional bottom.


A closeup view of the chart. Notice that we are still away from the subjective fib time zone prediction, which is about 4bars/16hr away for a swing or change in trend. Typically, this fib time zone extension has been helping to time the price swing in short-term trading. We shall discard this when it becomes unpredictable.


Comments

  1. Crypto ShortMarch 9, 2018 at 11:42 AM

    While this entry is still on waiting, see my next post on timing a Bitcoin swing event.

    ReplyDelete

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