As expected BTC touched 50 day moving average, 0.5fib level and bounced up. A volume increase has been noticed in lower time frames but we need to bring this out "we are not in a bull market".... This could all play out to a WXY and there is a "chance" we drop heavily from 11,500. So keep an eye on it.
As expected it touched 50 day moving average,0.5fib level and bounced up. A volume increase has been noticed in lower time frames but we need to bring this out "we are not in a bull market".... this could all play out to ne a WXY and there is a "chance" we drop heavily from 11,500. So keep an eye on it.
So basically we have two option. One is good, the other is bad for us.
- As soon as BTC breaks and finds support above 11.5k - bearish scenarios are off!
- If BTC doesn't break 11.5k, there is a possibility that we can go below 6K
Let's see if Consensus 2018 can make some impact.
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