Bitcoin 1 Day Update
$6400 is the new support for now...a good 
1K drop from $7400
Bitcoin is following the descending triangle pretty well
Watch for:
- Test of the .786 Fib, if that doesnt hold then $5900 is my next target
- Oscillators are indicating bearish momentum
- Candle is below the EMAs and BB
- Watch for new support levels since Bitcoin is likely to keep moving down
Overall action:
- Fiat is king right now, I am waiting until at least 5k again to start buying Bitcoin
- Stop loss is very crucial, many coins are bleeding over 20%+
1K drop from $7400 Bitcoin is following the descending triangle pretty well
Watch for:
- Test of the .786 Fib, if that doesnt hold then $5900 is my next target
- Oscillators are indicating bearish momentum
- Candle is below the EMAs and BB
- Watch for new support levels since Bitcoin is likely to keep moving down
Overall action:
- Fiat is king right now, I am waiting until at least 5k again to start buying Bitcoin
- Stop loss is very crucial, many coins are bleeding over 20%+
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