Crypto_Sid
Long

BTC/USD - Not What I Expected!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Follow on video to last nights video and I have to says... i actually was expecting the 200EMA to hold price action. I mentioned, last night I would be watching to see how today candle would play out and was hoping bullish , but that is not what is happening.

Obviously, I'm expecting the daily to close below the 200 EMA here in just a little while, which would indicate the potential for more downside. The question being is how much further. From a monthly fib retracement perspective, we could see 6500 area. Personally, I would like to see the next support zone hold, which would put use in line with the last spike down and support structure from last November; we'll just have to see.

I did notice on the 4HR, we might be seeing a double bottom form?? Let me know what you think about that.

Anyways, if you like the video, give me a like and leave a comment.
thanks a lot
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hi... what do you think will happen now considering the current situation. what price can one buy at to be safe? 6500 ?
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I think is going to fall a little bit more, I will wait for next support zone
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will see, no one knows what is next step...
anyway very good work,
thank you
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