As you can see from the chart, Bitcoin has dropped below the key moving average now. At present, the price is just consolidating and the next bearish move can happen quickly.
I expect a decline to the level of 10000 very soon.
EMA100 (and not even MA100) especially in 1H time frame, isn't that critical. and you have drawn in a symmetrical triangle (which in my opinion doesn't seem so valid), so it could break either way. on higher time frames that is not so bad. and 10500 has proven to be a reliable support and we have 4H and Daily cloud beneath us too. i don't think a decline that far would be a big possibility. but BTC has a history of such crazy moves, the best way to deal with that would be setting a stop loss and wait. hope for the best and be prepared for the worst.
@alirezaa2001, I don't agree either with it dropping that low, strongly agree about the 10.5 area its proven itself twice now. Thou I would like to point out that is not a symmetrical triangle, the reason being it has a pole, which would make it a bearish pennant.
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