Bmello

Does BTC repeat the same structure?

COINBASE:BTCUSD   Bitcoin
We are clearly bearish,. All time frames. We have broken every normal moving average on the Daily. Currently struggling to cross the 610 EMA and under us is the 987 EMA.
If we were to get a similar structure from the low 3k's we may traverse back down to the 2.0 Fib extension, at $6420. From there we have the potential to impulse back up close to 9k.
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.