SMA death cross hit on the daily. looking like EMA death cross coming in next.
SMA is the light blue and red.
EMA is Purple and Orange.
I have some Fib Retracement levels down. Been trading between the 61 and the 78. O is 64,9k and 1 is 29,9k. I believe Traders are creating downward pressure on this wedge and BTC will break under 30k to the 127 level or around 24k, with a possible hit to around 20k. (I have seen some plotted sub 15k, but I don't see those numbers happening).
All of these numbers fall in my plotted pitchfork.
breaking 42k will be a sign of upward consolidation. Right now BTC consoidates and moves down.
SMA is the light blue and red.
EMA is Purple and Orange.
I have some Fib Retracement levels down. Been trading between the 61 and the 78. O is 64,9k and 1 is 29,9k. I believe Traders are creating downward pressure on this wedge and BTC will break under 30k to the 127 level or around 24k, with a possible hit to around 20k. (I have seen some plotted sub 15k, but I don't see those numbers happening).
All of these numbers fall in my plotted pitchfork.
breaking 42k will be a sign of upward consolidation. Right now BTC consoidates and moves down.
Comment:
it broke the the 1 (under 30k) lets see how this plays out cotton
