The moving averages are coming down too fast.and all of them are pointing down , Exit to FiAT on this fellow as it appears to have more downtime ahead
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These will be fast drops ...
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The moving averages look terrible . The Blue line is the MA200 it carries a lof of weight . We need him at least to be pointing up, but he is pointing down and he is also on TOP.(should be at the bottom). This means a fast fall down and lower,
we need the MA20 (the green line) to be at least pointing up or moving to the left . But this fellow is pointing down and he is also on the bottom (should be at the top). which indicates a fall - a fast fall lower.
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A temp bounce could occur around 170 - but it will be shorted lived as the destination appears to be downwards
You see it going that much low? thats scary -_- can it come to 165 and double bottom?
mycotoxin
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@WealthHustler,
The moving averages look terrible . The Blue line is the MA200 it carries a lof of weight . We need him at least to be pointing up, but he is pointing down and he is also on TOP.(should be at the bottom).
This means a fast fall down and lower,
........Best tobe in cash now or at the the minimum be in BTC . BTC does not fall ass much as the ALTS and you can pick up more ALTS than you had later,
when the market moves down , exit to BTC or FIAT. When the market moves up move to ALTS .
WealthHustler
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@mycotoxin, I am holding USDT now waiting for my buy price at 180. btw thanks for your insight & please update this chart within 30 mins or an hour for me to make informed decision.