And the today's recent selloff broke the support provided by 2-, 5-, 10- and 14-day EMAs again.
Topic: Bear Trend Forming on 4 Hour Chart? - page 3. (Read 3278 times)
Agreed.
And the today's recent selloff broke the support provided by 2-, 5-, 10- and 14-day EMAs again.
And the today's recent selloff broke the support provided by 2-, 5-, 10- and 14-day EMAs again.
Looks to me like we have the start of a bear trend forming on the longer term 4 hour chart.
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This would seem reasonable to me, as Bitcoin has shot up very very fast, we have had a double top, and now a strong correction from a recovery that fell well short of the top, and a bounce from that which looks to be falling well short of the recovery target of around $980 on Bitstamp.
Perhaps we are entering another 'traders market' for the next few months, as seen post April 2013?
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This would seem reasonable to me, as Bitcoin has shot up very very fast, we have had a double top, and now a strong correction from a recovery that fell well short of the top, and a bounce from that which looks to be falling well short of the recovery target of around $980 on Bitstamp.
Perhaps we are entering another 'traders market' for the next few months, as seen post April 2013?
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