BTC Should Have A Correction Sooner Than Later
Updated
3 simple reasons make me think that :
1. We just hit the 200 simple daily moving average
2. The turquoise line show a strong resistance zone
3. The RSI is a bit overbought
So just be careful if you want to invest in BTC, maybe the bear is over, but BTC is overdue for a correction.
Let's see what will happen in the next few days.
Stay tuned,
Fred
1. We just hit the 200 simple daily moving average
2. The turquoise line show a strong resistance zone
3. The RSI is a bit overbought
So just be careful if you want to invest in BTC, maybe the bear is over, but BTC is overdue for a correction.
Let's see what will happen in the next few days.
Stay tuned,
Fred
Note
So we're in the middle of the correction now.Note
Be ready for more downside action. 70% chance BTC will drop.
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