As I told you in my last post on Bitcoin, there was an increasing likelihood that the rising black trendline would break, because of how many times it was hit. Now, my warning has become a reality, as BTC has broken the rising trendline. As you can see, Bitcoin fell all that way down to the "Critical Support" level, and has bounced slightly. This is probably going to be my final warning before this thing breaks. So here we go... If the Critical Support is broken, BTC is going to fall like a dead bird from the sky. As I've said in many prior posts, BTC's major downside support is at $11,200 but a rapid slide could send Bitcoin below $9,000. Red Volume is surging on the chart, confirming the breakdown, and the MACD is having a heavy bearish crossover. You want my honest opinion? I think the nail is being hammered in this coffin as we speak. Hate if you want. I call it how I see it.
This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Don't forget to follow, like, comment, and share on social media!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
This has been your not-so-humble market wizard, droppin' knowledge like bombs in this place! Don't forget to follow, like, comment, and share on social media!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-