BTC to continue stair-stepping down
This seems to be a repeat of early January when institutions are trying to get in at decent positions. We will bounce around a little for the next few days and weeks, maybe see some more green candles and lower highs. But the overall movement seems like a clear step-down to the low 40k's.
We may break the 20d EMA this weekend or early next week.
We should ultimately find support between the 50-60 EMA in the daily, 40k will hold up strong.
Scatter buy orders between 40k-43k. After this we will be heading to the 90's and there is no way of knowing when the moment of reversal will take place (when large corporations announce thier positions) . Be prepared.
We may break the 20d EMA this weekend or early next week.
We should ultimately find support between the 50-60 EMA in the daily, 40k will hold up strong.
Scatter buy orders between 40k-43k. After this we will be heading to the 90's and there is no way of knowing when the moment of reversal will take place (when large corporations announce thier positions) . Be prepared.
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