Bitcoin BTC - Trading Update - Evening Analysis - 03/22/18 - Resistance is Strong

in #bitcoin4 years ago

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We only need to look at the 4 hour to see where we are. The resistance at $8730 held strong again and this is not a good sign for Bitcoin. The MACD crossed to the downside. Near term support is where we are at now at $8400. It is holding there on average volume. The RSI continues to move down. The technicals show further deterioration. If the near term support is broken then it is critical that $7790 holds. The 24 hour spread is around $400 and thus is not worth the risk so we are in cash.

4 hour

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Very good post today my friend, keep up for success @hawaiialoha ◕ ‿ ◕✿

Thanks for reading. Upvoted and followed.

Thanks for the article

Thanks for commenting.

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