greater_fool_

BTC further decline [-30%]

Short
greater_fool_ Updated   
COINBASE:BTCUSD   Bitcoin
Rising wedge breakout and retest. EMA50 and 100 broken and close to inversion.
Below strong support of EMA150 and 0.618 fib - short term reversal?
EMA50/100 crossover and upper 45k resistance can provide impulse to further -30% drop to 30k support.
Comment:
I've just noticed I labeled EMA250 with EMA150 in the chart, sorry for that.
So the current price action stuck between resistance and support and EMA150 and EMA250:

The resistance is approached with small volumes and after each touch there is quite some sell off with increased volume. It doesn't really look promising for bulls.
Comment:
30k level has been touched already today... I didn't expect it to be so fast. Crazy.
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.