GOAT1375

BTC - Things Are Getting Very Scary

BITSTAMP:BTCUSD   Bitcoin
Hi, this is my new update for BTC. After 25% correction things are getting very scary for BTC. Right now we have broken some support levels, the most critical one is $51200, that we have to hold and the most important one is that we have to hold both the SMA100 and the trendline, but once we break below these levels then, we are going to test the support level $45000 and I think we are going much lower. MACD is red, we have broken SMA50, RSI is very low and has broken som support levels. 3 things can make us happy 1.) The support level $51000 holds, 2.) The trendline holds and 3.) The SMA100 holds. So be PREPARED
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.