Bitcoin Pumped and Dumped
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Hello, yesterdays TA took a move for the worst on shorts, which I did close my short at a 60% lost, but doubled the leverage and sold for a 160% gain. Right now we are looking more bullish momentum today with CME closing at 8840 and we are below the 50ema, which has held us as support through this bullish price action. 9k range seems to a very breaking moment for bitcoin and if getting pass 9k could see a move in the mid 10k. Now the bearish side is a retracement as low as 8564 or even 8196. regions of point of interest would be 8845 8795 and 8904 along with 8959, which was the price that pushed us pass 9k. I put in a long at 8811 due to we overextended the BB and looking to see if the bears are as strong as the bulls.
TA
MACD is looking to crossover bullish
RSI is heading towards neutral
We are below the EMA that has held us up
9k is major trading zone
TA
MACD is looking to crossover bullish
RSI is heading towards neutral
We are below the EMA that has held us up
9k is major trading zone
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