Since 2014 when BTC comes down and touches the green line on the MA30 , it will also move lower to touch the red MA line . The red MA in this case is at 18k and this is also the support at the DEC 2017 peak . Now Im not sure what defective strain of California Hopium the Bulls are are smoking , but it looks to me like BTC will be paying a visit to the 18K area in the upcoming weeks - So best be ready.
Comment
⋅
Of-course I could be making an error in my judgement and will monitor this situation and see how it develops in the upcoming weeks .
Comment
⋅
Does this look bullish to you ?
Comment
⋅
There is a large unexplored area between between 39k and 18000 . I'll double-check this with the profiler as that gives a bit more detail .
Comment
⋅
....as expected the profiler shows this is a freefall zone with nothing but fresh air to stop fast moves down to 18k