Stone881

Btc wants to wick down to the 200 day MA

COINBASE:BTCUSD   Bitcoin
If we look at this simple chart of the 4h, it is clear that the 200 day hasn't been touched in almost 6 weeks, which is historically the longest period of time without a touch. My analysis calls for a grind sideways to lower until we touch that area, at which time I expect a hard bounce.

If we are to follow recent price action, in which we have seen consolidation Sunday into Wednesday, then I expect this to happen soon, followed by a nice end of week rally.
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