BTC - Possible Major drop to 9900/9700 in the next 5 hours .
Possible Major drop to 9900/9700 between now and the next 5 hours .
if BTC does not bounce at 10200 it will head to the 9900/9700 zone
Comment:
if we play the gragh below it shows BTC has also broken past the current FIB ring and these usually result in a drop lower down to the next ring -
In this case the next ring down will stop at the 88xx area
-so best be careful as a bounce at 98xx may be a dead cat bounce and BTC can move to 8k later this week .
In this case the next ring down will stop at the 88xx area
-so best be careful as a bounce at 98xx may be a dead cat bounce and BTC can move to 8k later this week .
a) The slower MA20 has crossed over the faster MA20 on the 4 hour
b) There Daily has a death cross .
C) The 3day has a bearish MA13/MA30 cross