Bitcoin facing clear EMA rejection since $9000 range

16 במרץ 2020

Bitcoin has been in bear control strongly since the break under $9000 range. The 12/26 ema hourly has served as resistance consistently, with a few spikes to 50. This current oversold bounce will likely also face rejection in the 12/26 ema zone. With the SPX/DJI correlation, a push might take it a little further before continued downside. Given overall market conditions, support is not to be trusted and neither is bottom.