Crypto to Watch - Bitcoin (BTC) - Big Drop and Consolidation

in #bitcoin5 years ago

PSX_20200308_161917.jpg

Bitcoin dropped in a big way in the last 24 hour period on above average volume. Bitcoin crashed through the support of the 200 day.

This completes the right shoulder of the Head and Shoulders pattern that has been in play since January 13th 2020.

The MACD and RSI are nearing the bottom as Bitcoin is holding the support at $8075.

STEEM is fairing a lot better as it remains above the 200 day moving average.

Sort:  

Congratulations @stocksncrypto! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You published a post every day of the week

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do not miss the last post from @steemitboard:

Downvote challenge - Add up to 3 funny badges to your board
Use your witness votes and get the Community Badge
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

a very big drop... this dump scared me a little.

I am glad the drop was not as big as it could have been.