benjamintrades

More downside movement for BTC?

BITFINEX:BTCUSD   比特幣
Definitely see another move down for BTC , with the move occurring tomorrow when comparing the time frames between the moves as of recent. Again, I stick to my previous idea that $6500 and maybe even lower is on the cards. Adding to the idea of downside is that we close yesterday below the 50 EMA and still hovering below now.

I'm not prepared to be taking any positions, i'm just simply airing my thoughts on this one.

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