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Generally speaking nothing bad will happen to btc if it goes back at the 100 MA support for a correction.
But things will turn really bad for the btc if price cross zone around 100 MA, because it's also Trading Range's previous resistance. This will be a sign that Uptrend will be sleep for a while.
Highly recommend to wait for the Price either return to previous range or if it goes lower on 100 MA support, before to take any actions.
For myself I have a plan to pick up at zone around 100 MA after price FIXES on this support. Or pick up if price Return to its previous range where we were consolidating for some time.
If neither of these both action happen really considering a short.
Finishing the phrase Should not Cross 100 Daily MA or... things will turn bad!
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Peace Out!
Not a Financial Advice
Generally speaking nothing bad will happen to btc if it goes back at the 100 MA support for a correction.
But things will turn really bad for the btc if price cross zone around 100 MA, because it's also Trading Range's previous resistance. This will be a sign that Uptrend will be sleep for a while.
Highly recommend to wait for the Price either return to previous range or if it goes lower on 100 MA support, before to take any actions.
For myself I have a plan to pick up at zone around 100 MA after price FIXES on this support. Or pick up if price Return to its previous range where we were consolidating for some time.
If neither of these both action happen really considering a short.
Finishing the phrase Should not Cross 100 Daily MA or... things will turn bad!
Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.
Peace Out!
Not a Financial Advice