hawkoon

Daily 200 MA is the boss

Short
COINBASE:BTCUSD   Bitcoin
Market continues to take profit close to 200 day moving average, and the bear volume doesn't even let us touch it. If the 200D MA really controls the market then we are looking at further downside as price action from january/february is about to affect it. Considering the amount of accumulation that has been going in since $5800, we could get substantial bearish volume and a V-type capitulation bottom could be in the cards.
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.