Whats up Traders,
Ive been calling for a down of bitcoin for a couple of days now and I think we are starting to see it happen. We did break above the longterm downtrend line with low volume and with multiple indicators giving us divergence that led to a down. I believe this is the end of wave one and we should see a continued sell of for the coming days .
My target buy is around 9,200 with heavy support at 8,800 as well as meeting with some longterm MAs there .
This is nowhere close to the end of bitcoin we still have a long ways to go .
Goodluck on your trading!
-Toaby
Ive been calling for a down of bitcoin for a couple of days now and I think we are starting to see it happen. We did break above the longterm downtrend line with low volume and with multiple indicators giving us divergence that led to a down. I believe this is the end of wave one and we should see a continued sell of for the coming days .
My target buy is around 9,200 with heavy support at 8,800 as well as meeting with some longterm MAs there .
This is nowhere close to the end of bitcoin we still have a long ways to go .
Goodluck on your trading!
-Toaby
