Oboogie

Heavy resistance Bulls can't break

BITSTAMP:BTCUSD   比特幣 / 美元
Hi fellas,

BTC             is struggling to break the 8k resistance. I draw a line considering the last failed breakdown and it just looks too strong, because every time the price gets to 8k is rejected over and over. The 10-hour MA (in blue) is still looking downwards, though the 5-MA is bullish at the moment. I'm afraid that the bulls won't be able to break-through that resistance line, which would represent the third time that the bulls can't get enough impulse to gain momentum.

Maybe I'm too stoned, but I'm grinding and holding.
bulls broke through your line...
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Oboogie cgruther51
@cgruther51, yeah and I’m glad since I’m long. I find resistance now at 8.1... it’s going to be a long night. Blessings :)
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