BitcoinShort
BTC Wednesday Morning Report. Dropped as expected. Still droppin
BTC Wednesday Morning Report. So BTC last night did move down as expected. The Bullish candle to the left prevented price from reaching the 38.2% but we should see it today or maybe later tonight. That is right at the 56k level and also at the 200EMA on the H4 chart. Price also is currently below the 8 and 21 MAs on the Daily. DXY has dropped slightly after bouncing off the 21MA but is probably going to go back up after bouncing off the 8MA. It is currently above all the other EMAs. Interestingly enough, BTC Dominance rose overnight while price dropped. I still see 51K in play in the 50% zone. The Stoch is still coming down on the Daily so this adds to the chance for a hit in the 50-61.8% zone.
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