TheKing under EMAs
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Fast Update. Everything is annotated in chart. Timeframe 1 Day.
- We got a first rejection on 2EMAs (100D-200D) this is an usual correction.
- Correction could down to 38k ish (61.8% Fibo) doing a first ABC.
- A Breakout could propulse BTC to 50k ish (161.8% FIbo).
- Shorts on Bitfinex are going up. still trying to push TheKing Down.
- We could sideway for a While before a Breakout.
- The Story mostly repeats again.
Happy Tr4Ding !
- We got a first rejection on 2EMAs (100D-200D) this is an usual correction.
- Correction could down to 38k ish (61.8% Fibo) doing a first ABC.
- A Breakout could propulse BTC to 50k ish (161.8% FIbo).
- Shorts on Bitfinex are going up. still trying to push TheKing Down.
- We could sideway for a While before a Breakout.
- The Story mostly repeats again.
Happy Tr4Ding !
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