So we got that bearish cross down yesterday. We have been consolidating back to the 30min 200MA and yesterday the 35EMA went under the 200 and then we saw that crossover as resistance. So look to the 35EMA as resistance for now. 50 Day moving average is under us and pointing down - that is bearish
Very simple trade idea ? my average is around 4.5 and will leave next month probably for now at very good support (0.236 fib + previous high) can go more down to test that black trendline for example but at the end the target is 6.5 in a few days/weeks stop loss depends if btc goes under 95.8 cheers
So people, take the upcoming target towards selling and hold on to the news, the market will come down.
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