Even with all the try, it still looks like the bulls are finding it hard to win this one for BTC .
There are so many points which shows in this 4h chart. Check following
- Check the big bold resistance line in Blue, which is so hard for BTC to break
- In pullback from 6000 to 9099 (which by the way is the Blue resistence as well), it retraced exactly 38.2%. Then it starts moving up now. Place a close look at Green line moving up from 7931 towards resistance line. Two scenarios if it breaks we will have an awesome . If it does not break the Blue line, we may have a pattern. What does that mean?
- That means it may get down near to 6700 range as part of retracement
Again, this is just what the chart is saying, take it with a pinch of salt and may need some vodka and lemon for all the buy position holders.!!
Take Care and Happy Trading.!!