jollyjoker747

BTC going to down to weekly 200MA (daily 1400) as usual

Short
BITSTAMP:BTCUSD   Bitcoin
BTC has several MAs on the weekly that clearly indicate bull/bear periods as well as bottoms. right now we are again in a bear trend going down to the weekly 200MA (purple one).

I expect a bulltrap around 8200-8450 then a sharp decline, one last time, with a bottom around 5k.




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.