At this point the candles are below the 50MA on the weekly chart, and bouncing off the 50MA, the resistance will go on till 8500ish, that’s we’re the cross over of 20MA will happen, and if you look at the overall chart when the 50MA is above the 20MA BTC is in a downward trend, so I expect the same is coming! In 3/4 weeks we will see a big drop.
Sent from my iPhone
Sent from my iPhone