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Bitcoin
Short

Double cross over

By BrettduPreez
Updated
Going down to at least the support levels in green.
Note
I doubt that the purple downtrend line will be tested now. The 50 moving average in yellow has been a good resistance line up to now. Its also crossing the 200 EMA. If we go up it will be probably to a maximum of the moving averages (around 10 200). Although I think scenario 2 is the most probable: Going next to the green block.
Note
snapshot
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A more detailed view.

snapshot
Note
In the previous crossover, there was also a pull back towards the 200 EMA region. Then came the sharp dump. Bitcoin has made its way halfway up the last shoulder of the inverse head and shoulders. I would not be surprised if we start the drop within the next day candle. I am remaining short. Especially now...
Chart PatternsTrend Analysis
BrettduPreez

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