BananaCoinz

BITCOIN falls through the cracks!!!!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
We stared at our screens with reckless abandon as our number one draft pick worked it way up the wedge towards the boss battle we've been waiting DAYS for!

For those who missed this epic battle our 4 hour candle at 20:00:00 UTC in the last seconds of the window took a massive dive. Hurtling down we tumbled right to our fan support line at FIB 0.75. Moments later we crossed under support looking to EMA20 as our next line to catch us. EMA20 failed us. Stoch RSI isnt looking good. MACD confirming the downtrend. Have you lost all hope yet? I havent. We have a reversal of EMA50 back over EMA100. Look to the support at FIB 0.618 at 02:00:00 UTC (when this post is 5 hours old). If we dont have support there we could be looking at a drop to previous lows around 10.3 where we have had support historically.
Comment: Oof, I didnt want to be this right. Right on the fib timeline we have a huge drop down through FIB 0.618 but thankfully we got a soft landing on FIB 0.5 which looks to be our new support line. Look for the next big movement at the next FIB 8h timeline.
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