Bitcoin w/c February 21st


Bitcoin has rejected EMA 100 again and moving to the downside. We’re at a support level at the moment and are about to determine the next move. If we manage to hold the area, we could see another push towards the EMA100 and EMA200. However, the money flow is not looking good, indicating that the support won’t hold and we will see further move to the downside.

We will be watching if buyers come to save the situation or if bears will be winning the game.

The idea is published on Alpha Scala TradingView.