Bitcoin Price Diagnosis: Selling Pressure Leaves Macro Level Untested
Bitcoin Price Analysis: Selling Pressure Leaves Macro Level Untested
- The foreign market structure that we've established during the previous couple of weeks stays intact, regardless of the strong round of selling the bitcoin marketplace saw a couple of weeks ago.
- The weekly 50 exponential moving average (EMA) is now in the process of being tested but the marketplace has been not able to close a weekly candle over it.
- The intraday levels have revealed support following the round of selling.
- In the event the current levels do not hold, we could expect to observe a test of the 4,700s as we haven't tested its service following our strong breakout.
Published at Fri, 12 Apr 2019 19:21:28 +0000