BTC, will it fall further or parabolic?
I was going to talk about the 3hr and 9 hr chart collision in the blue box. Making note if BTC can hold this area a push higher is looking good. BTC had other ideas.
So, at the time of creating this Idea 11 am eastern UTC4,
The Circle is the area to keep an eye on .. it has 2 powerful convergences.
This 1 hour chart has the support at the 200 / 233 SMA's.
The green Flag is the area of the 40 sma on the 6 hr chart.
If the fall continues there is not much below it too slow down into the 50k region.
I was just a bit early with my previous thoughts of the pull back.
Thought for the day: Trade with a plan and follow it or get a new plan.
So, at the time of creating this Idea 11 am eastern UTC4,
The Circle is the area to keep an eye on .. it has 2 powerful convergences.
This 1 hour chart has the support at the 200 / 233 SMA's.
The green Flag is the area of the 40 sma on the 6 hr chart.
If the fall continues there is not much below it too slow down into the 50k region.
I was just a bit early with my previous thoughts of the pull back.
Thought for the day: Trade with a plan and follow it or get a new plan.
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