100SMA Maintains Support; Higher Low/HigherHigh Established

24 במרץ 2018

As you can see on the 4hr chart we've had a slight retracement all the way back down to the 100SMA (in blue) where fortunately it changed course with the 100SMA acting as support. We also established a higher low and higher high on that last retracement compared to the retracement before it which mean the bulls still have control for now. Seeing as how we have yet to even reach the descending pink triangles breakout target or the descending purple wedge breakout target I'm pretty confident we will continue upward, and probability favors that as well. Of course anything could happen and the current FUD in the air is likely the fact that Reddit removed BTC as a payment option because of some change on coinbase. I will continue to go long but you decide whether to be long neutral or short at your own risk. Thanks for reading! *not financial advice*