Bull fork

Normally I pay most attention to longer timescales but this fork on the 4 hour chart has me interested at the moment.

Looks like bitcoin is failing to get above resistance might take a dip down towards the area marked with a circle.

However overall trend still looks bullish.

One thought on “Bull fork

  1. Bitcoin appears more bullish than I thought, instead of finding resistance on first line up from bottom of fork it pushed up through to resistance at second line up from bottom. Trendlines look like they are being followed and they are bullish. I’m now thinking price will probably wallow below $400 for a short time then spike up above while still remaining below second trendline up.

    Trend appears bullish.

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