Bitcoin is no longer trading near resistance, now it is going towards support.
I saw some signals out of the charts and technicals that are really strong and pointing to a drop .
Mondays can be bloody for Bitcoin so please be cautious.
The potential targets for this drop start at the $8600-$8500 levels which can quickly move lower on strong .
Looking at the low this weekend prompts me to prepare some more.
Remember that there can be the fake/sudden move to the contrary side to shake a few positions up, but once that is over Bitcoin can start to drop .
Conditions for change
For BTCUSD to go in our view on this setup, prices need to move and close first above the EMA10/Green line ($9330.68).
As long as Bitcoin remains trading below this level, we stay open to seeing prices drop anytime.