EhhEhhRon

EhhEhhRon

As you can see...we are currently trading under the 300MA. It was providing support there for a while but now it is acting as resistance. On top of this we have the continuance of the RSI divergence that's been going since early this year. Not looking good for the mumu's right now.

EhhEhhRon Updated 

First published idea so take this with a big grain of salt. In the short term, I see 3 potential scenarios for Bitcoin playing out. These ideas revolve around a convergence of previous supports/resistances, the upper and lower ranges we have been trading between, and the MA 50/200 cross. There's technically a 4th scenario which is we don't test the convergent...