Bitcoin will drop more today (short-term analysis)
A simple chart showing the 1hr chart of BTC combined with the 140 SMA .
As you can see everytime we close a candle above/below this line we have a pump/dump.
10 minutes ago we closed a candle below it, so I do expect the price drop to continue today as well.
As you can see everytime we close a candle above/below this line we have a pump/dump.
10 minutes ago we closed a candle below it, so I do expect the price drop to continue today as well.
Note
Well this was one of those times when it was only 1% below. The moment it closed a 1hr candle above the 140 SMA I closed my short and went long, so it was still a very good indicator given the explosion that BTC did after that...
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