Is this the BTC drop we have been waiting for??
Wassup moonboys!! We have dropped. Btc broke the 50 ema and I took profits from my trade. The question is, is this the break out that's going to bring us all the way down to 14k?. Well i'm pretty sure it's going to be. Btc flipped ema:s and we have the volume to make this massive move. Why 14k is the target? Well around 14k is the previous top of 2019 and it's 1.618fib. I'm waiting for btc to break the trend line. If btc doesn't break the trend line in coming hours there is possibility for btc to form a lower high and then break the trendline. Be safe and don't get wrecked. Moves can be fast and brutal.
Note
Btc making out with the resistance. Currently oversold in lower time frames, lots of buyers. Higher probability to head upwards first than i thought at first.
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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.