BitcoinUpdated BTC: 50 Week MA Has ALWAYS Provided a Bounce
Hello All,
Anticipated Drop has occured. In my last idea, I warned everyone of this and urged to take profits!
#BTC Update-
The blue line is the 50 week MA. BTC has never just broken right below after a new high was formed.
It has ALWAYS bounced. I expect the same.
That retracement is between 30%-50% of the drop from high.
That same retracement lands BTC at about $43,000-$47,000.
Thanks.
Please Comment and Like!
Anticipated Drop has occured. In my last idea, I warned everyone of this and urged to take profits!
#BTC Update-
The blue line is the 50 week MA. BTC has never just broken right below after a new high was formed.
It has ALWAYS bounced. I expect the same.
That retracement is between 30%-50% of the drop from high.
That same retracement lands BTC at about $43,000-$47,000.
Thanks.
Please Comment and Like!
Note
Heres the pump!
Follow me on twitter! twitter.com/traderview2
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Follow me on twitter! twitter.com/traderview2
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.