$BTC 4-Hour Short Term PA

10 בספט׳ 2021

This is a chart that details the short term BEARISH argument. We have been above the 4-hour MA ribbon since late July, but we LOST the 4-hour MA Ribbon on Sept 7th and have yet to reclaim it. The other issue is losing the .5 Fib which we have yet to reclaim. Bulls need to reclaim BOTH the MA Ribbon and the .5 Fib on the WEEKLY to start to play offense, as opposed to playing defense. I want to stay transparent and always stay objective. The Critical support area is listed. The WEEKLY is > Daily > Hourly, BUT I also have to stress that the stock market is also looking to have topped. How the next few days play out will be key in where the High time frame takes us next. FULL DISCLOSURE: I am still invested in my bags, but I understand to NOT fall in love with my bags and focus on the chart