Moving averages and MCAD confirming prices to move lower and btc is trading under neckline of 4hr double bottom.. Another bearish sign as it tried to clear neckline but failed all time.. Also it created 1hr inverted head and shoulder close to 6600 and fall under..
For now its completely on sell side with stops at 6800 and with targets 5500, 5000 and if 4900 gone then 2500 even possible. Only move above 6800.. Double Top will confirm low is in place and targets are 9900 and high! Good Luck!
The needed a false bottom for people to feel like they had a safe place to set the stops
Good night stop losses
can someone say death to sh!tcoins?