I posted this chart(link below) on August 3rd when everyone was so bullish on BTC and it broke 10k. Crypto Twitter was calling for new high's but i sticked to my bias and posted this chart that we will likely visit 8k region again and here we are closer to my target. The MA's are key indicators for a reason and history definitely plays an important role when you are evaluation future price movements of these volatile assets. As i Stated that when we had our first golden crossover on 3D we pulled back to 50 Day MA and found support on it multiple times on our way up to 20k in 2017. We had our golden crossover on 3D once again and this time our 50 Day MA on 3D is lying around the 8.2k region so we will likely visit the blue box. Daily looks absolutely bearish so a move down below 10k first to test the 9.4k region support once again and i would actually watch for a triple bottom around the 9k-9.2k region , we may wick into the area and form a triple bottom ( never know ). we formed a double bottom last time and the bounce too us to 12.4k so i would keep an eye on that. weekly looks garbage as MACD looks like its about to get a bear cross for the first time in 7 months which is definitely not a good sign. RSI - 44 ( BEARISH)
PP
