Mid term movement - planning for the next drop
BTC has consistently taken a downward trend this year, broken back up until CCI hits 100, then created a new downward trend. The most recent breakout has just occurred and the upward movement is current.
For any mooning to occur we need to break the orange trend line and 0.382 fib (line near $8200) & 0.5 fib ($8500).
I'll try to squeeze some profits at both fib lines, whilst keeping an eye on the CCI and RSI in case the downward reversal occurs earlier than expected.
For any mooning to occur we need to break the orange trend line and 0.382 fib (line near $8200) & 0.5 fib ($8500).
I'll try to squeeze some profits at both fib lines, whilst keeping an eye on the CCI and RSI in case the downward reversal occurs earlier than expected.
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