Kuma Over Buru, Maybe

BITSTAMP:BTCEUR   Bitcoin / Euro
264 0
Possibility: Around 100% fibonacchi retracement or a little bit above. The fall could be short but yeah...
Reason: Resistance is coming in every single time that the support tries to push back. MACD doesn't show promising indication of bulls buying in (This goes for 1H chart also, where the MACD is slowly turning downwards). The price is sticking to almost the corner of support which does not look good. 50 EMA on 4H chart is also closing into the price and if it only touches the line slightly then prepare for continuation of bear market.
Time: A drop may start or occur from now for a period of 1 - 2 days.
Chart Period: 4H / 240 Minutes
Kommentar: 4000 euro is the target!
Kommentar: Sorry, but I think 4500 euro level is the target because it equals the 5600 USD! BEWARE, from there we will test that level. 4000-4500! BEWARE
Trade wurde manuell geschlossen:
Is a bearish wedge forming on the 4h? There may be strong indication of another crash again in couple of days! Be aware. The MACD shows momentum turning dowwards, it is possible that we will see a lower level than 4500 euro. Anyways, I'll stop updating this. price could possible bounce between 5000 - 6500 eur for a while.
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