Bitcoin going back down to 8400 USD

344 3
Facing resistance at around 12700. Climbing in ascending wedge .
50 SMA still downward
評論: We are still on track to our target. I think we may see a bear flag forming over the next few hours. Then back down again. I am halting all altcoin trading until Friday. For now my portfolio is in Nubits as a bitcoin hedge.
評論: I am not entering into BTC yet, although we have reached our target. The market is very bearish and a further correction will happen. I will post this in a new idea thread.
評論: Bitcoin falling through major supports now. 5000 USD is becoming a reality.
Nice. Hopefully we bounce on 200 EMA on daily ($8,500).
BrettduPreez RafeGibbons
@RafeGibbons, That would be great!
We broke the ascending wedge downward. But we now need to break below 11300 to have more certainty for continued down movement to 8400.
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