1. it will go down to the orange dash line and continue the flag formation
2. forming a head and shoulder.
what to do?:
1. for those who had bought BTC above the orange dash line: limit your loss if it breaks the orange dash line
2. for those who plan to buy , wait or spec buy until it touches orange dash line, and sell it if it breaks the line. at least minimize your risk. Or buy BTC when it touches MA20 in weekly time frame. two levels to watch are around 8600 and 6800.
3. those who bought BTC far below, limit your loss using the orange line. or if you're a long term player like me, sell it if it break the MA20 in weekly time frame. Look how BTC maintain its movement on MA20 weekly.
- market is always right. no one can predict precisely where it's going. as a trader we have to adapt wherever it goes with our PLAN.