3 day Death cross has happened. I would expect a bounce here to retest $4200 USD.
The daily 200 Blue EMA Held as support for many months and as wee have been discussing. As soon as it broke that blue line the drop off would be extremely fast and severe.. and it was. Falling through the $5800 support levels with ease. The next 200 EMA Support is on the weekly at $3100 and this is where I'm expecting BTC to be early 2019.
For now though we can make profits as then bounces occur and the 3 day EMA now acts as resistance.
The daily 200 Blue EMA Held as support for many months and as wee have been discussing. As soon as it broke that blue line the drop off would be extremely fast and severe.. and it was. Falling through the $5800 support levels with ease. The next 200 EMA Support is on the weekly at $3100 and this is where I'm expecting BTC to be early 2019.
For now though we can make profits as then bounces occur and the 3 day EMA now acts as resistance.