mycotoxin

BTC - Poor support in the green area - can freefall after 6800

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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There is almost no support in the green rectangular area and if BTC breaks 6800 it can move down
rapidly to the 5400 area.
Dec 01
Comment: So BTC better stop at the 6800 area
Dec 02
Comment: BTC has bounced off the FIB ring
Dec 02
Comment: However in another day or so BTC is going to move to the next FIB ring. Once BTC enters this new FIB ring it should move lower to the 6896 area.
Golden cross on the weekly. 50MA is about to cross over the 100 MA.
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mycotoxin Triston27
@Triston27, Yes that should cross in the next few days , thats a good sign ..cheers ,
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Triston27 Triston27
@mycotoxin it sure is, have a great night.
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@mycotoxin what about if we look further to the left , in the past the 6400 6700 was a area we visit quite often.

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@luissjp, yes could be , but if you look to the right of that there is that big move up in 2019. BTC moved up fast and created no support
so when BTC is coming down it may come down fast also at that area.
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luissjp mycotoxin
@mycotoxin, yes i remenber been so surprised when it did cross it like butter.so i could be surprise it again when it goes down equally.
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@luissjp, but I think BTC will stop at 68xx and bounce if not at 71xx
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mycotoxin mycotoxin
@mycotoxin, from the current drops it looks like BTC moves down quickly in areas where there were large moves on the way up and no support was created.
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luissjp mycotoxin
@mycotoxin, I think we could be in a situation like this
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