Bitcoin Starts To Drop On High Volume | Next Target Mapped

2020年2月19日

We continued to mention as Bitcoin (XBTUSD) peaked that the volume was low... This low volume with the bearish signals that were developing was pointing to a drop... Now, the trading volume is starting to go up...

• We have big volume on this drop and the indicators going full bearish.
  
• Prices moved just below MA200/EMA200 on a long-wick, now with EMA300 (gray) as the next target.
  

Based on the chart above, Bitcoin can easily continue to drop.
Our targets were first aimed at $9000-$9200, but now it seems that prices can go lower. Let's wait and see how the daily candle closes.
The details are marked on the chart.

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Namaste.

2020年2月19日

註釋

XBTUSD (SHORT) with 75% of profits collected (10X leverage)