whoisthelorax
Short

BTC just in case you thought this was a normal correction...

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
short term bounce off 200 ma...

if this doesn't get REAL legs soon, death cross will ensue. hard to say when bc             its a moving average, but 7-14 days seems likely.

play the bounce carefully.


look at the direction of the 50 ma in each of the corrections this year.

notice the difference we see now?

3000 to 1800



5000 to 3000


7800 tp 5600



best case scenario for btc is the actual BOUNCE from the bottom gets us back to 10k area and we range around there for a while. the 50/100 cross is not stopable at this point but we can still bounce or stay above the 50/200 situation. Everyone should route for that.
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