BTCUSD: Buckle Up, We're Going Down!
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.
Note
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...
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.
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.