Bitcoin has officially created new local lows. We’ve been talking about a $9,400 target for quite some time. Today, price nearly hit that target, dropping as low as $9,420.
Looking at the daily chart, we can see that yesterday price decisively broke (daily open and close) the all important 21 day EMA. For those that watch my videos, you know this was your sell signal. Price has now broken below the 50 MA.
Today’s video was created just as price broke below $10,000. You’ll be able to watch my response as it happened in real time. We’ll also discuss where price may be heading next, key areas to watch and so much more. I hope you find it helpful.
Video Analysis:
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
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Published by Workin
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with SteemPresshttps://mentormarket.io/cryptocurrencies/workin2005/bitcoin-drop-below-10000-wheres-the-bottom/
How my brain works....
Bitcoin goes up too quick "damm why didn't i buy before"
Bitcoin goes down too quick " I'm not going to buy....think I'll wait"
Hahaha... Same here
Haha...You're not alone. That's probably the way 99% of those in the crypto community think. ;-)
Remember one thing, Bulls becomes bears at peak point of Bitcoin.
That's the game.
@workin2005 do you know how long it will be down ?
No...Crystal ball is broken at the moment ;-)