Bitcoins starting to really ride the bottom bollinger band like we talked about yesterday, which if we continue we could definitely see a fall, if our 0.6 FIB or 30K level doesn't hold the next major support level is around 21K or the 0.7 FIB. Our MACD histogram is getting smaller and smaller bull wise and we are coming up soon to that midpoint where we could see some bearish bars, also the Blue MA looks like we are going to see a bearish cross very soon as we get closer and closer to the orange MA. Now looking at the Coppock Curve we are seeing some curling to the downside atleast starting too, and very rarely or ever do we see a quick reversal on the coppock curve it is almost always a gradual recovery. Today and tomorrow depending if we continue this downtrend or not is very important daily close wise, if we see a bearish close below the 0.6 FIB level aswell as continued riding of the bottom BB and a bearish cross on the MACD i think we are likely to fall somewhere in the 20-25K level. This would be a great buying opportunity in my opinion! Not financial advice!
