IF BTC breaks Below 50 Week Moving Avg....

Updated

If it breaks the 50 week MA, it may form a descending triangle / descending wedge. and test the next support areas. The Price can fall much sooner than that.
My Ideal Buy zone takes us back to previous highs of Dec 2017.

Note

still some more downward movement left.
reluctantly sold at 56K. now very happy abt my decision.
sure there will be a bounce.. but only a temporary relief.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.