touched downtrend + 50dma on 4h, bearish reversel candles. Will be confirmed if 1 candle closes red & below 200dma on the daily.
NEObtc hit a resistance too + another bearish candle.
Big buy volume came in when bitcoin reached $6000 so it might not make a lower low. If it does, next target is $5500 and alts will go lower too
NEObtc hit a resistance too + another bearish candle.
Big buy volume came in when bitcoin reached $6000 so it might not make a lower low. If it does, next target is $5500 and alts will go lower too
Note
Correction: the candles retraced a bit to to upside. Bitstamp and Bitfinex even went green and didn't make a bearish candle. Looking not that bad yet i might be wrong and it might break the downtrend (white line).I was a bit too fast with uploading charts and didn't wait for the last minutes the candles needed to close
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.