BTCUSD: Buckle Up, We're Going Down!
Updated
As I mentioned few days ago, a death cross is approaching on BTCUSD Chart.
200-day Moving Average has been a strong support so far, but it's likely to be broken soon.
Since we saw a "double tops" formation lately, I expect BTC to fall to 7200$ at least. However, combined with Death Cross effect, we could go down further.
Note-1: This is not an investment advice, I'm just sharing my observations.
Note-2: English is not my primary language, so excuse my mistakes or simple explanations.
200-day Moving Average has been a strong support so far, but it's likely to be broken soon.
Since we saw a "double tops" formation lately, I expect BTC to fall to 7200$ at least. However, combined with Death Cross effect, we could go down further.
Note-1: This is not an investment advice, I'm just sharing my observations.
Note-2: English is not my primary language, so excuse my mistakes or simple explanations.
Comment
By the way, I always spare time for others thoughts on Trading View and Twitter, but DEATH CROSS seems to be ignored for many people. It's interesting...
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