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Author Topic: Technical Analysis of BITCOIN May 10th 2020  (Read 57 times)
KelvinSG85 (OP)
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May 10, 2020, 06:50:30 AM
Last edit: May 10, 2020, 07:16:54 AM by KelvinSG85
 #1

Principle: The 100% true when an uptrend reverse to downtrend is that EMA 4 must cross down EMA 18.

Currently:

Exponential moving average (EMA) 4 still above Exponential moving average (EMA) 18.
https://invst.ly/qquhq

The price is at Strong Resistance level at 10.000 but there is still no sign of Reversal Pattern.
https://invst.ly/qquh6

The trendline is still intact.
https://invst.ly/qquhm

Conclusion: There is no reason to Sell short or Sell at this moment.
And also NO BUY at this moment.
Please stand by and wait.

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