Bitcoin: Bulls Might Have Been Bluffing (November 2019) − 稼げる投資系口コミ情報サイト【Trade Center】

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Bitcoin: Bulls Might Have Been Bluffing (November 2019)

Bitcoin (BTC) has finally closed below the 200 Day EMA. This is a very bearish development and has now changed the near term outlook from neutral to leaning bearish. The reason we are not bearish just yet is because we still need to see a close below the 61.8% fib extension level on the 4H time frame. Another consecutive close below the 200 Day EMA would also be helpful but it is likely that BTC/USD would be in a strong downtrend when that happens so it might be a bit too late. At this point, we have seen most bullish pumps fail and the price is now very close to breaking below $8,543. If it fails to break past the 200 MA on the 4H time frame, we would expect it to decline towards the bottom of the descending channel in the near future to find support in the $7,200s.

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