The Bitcoin Blueprint (The Crypto Den)
Experimenting with a new format.
"The Blueprint"
Volume is drying up
We have fallen below the 21 EMA and it appears to be acting as resistance.
Failing to hold the 50 would see us drop to the 100 which lines up with 0.618 fib retracement, where I expect to see a bounce. If not;
down to the 200 which should line up with the 0.786-0.833 money box, I expect to see a strong rally out of either of these regions, if these lines do not hold then this entire move has been a "Bear Market Rally" and we could retest the lows of December 2018 (ABC Flat) or potentially lower.
https://www.facebook.com/groups/302509150207269/
"The Blueprint"
Volume is drying up
We have fallen below the 21 EMA and it appears to be acting as resistance.
Failing to hold the 50 would see us drop to the 100 which lines up with 0.618 fib retracement, where I expect to see a bounce. If not;
down to the 200 which should line up with the 0.786-0.833 money box, I expect to see a strong rally out of either of these regions, if these lines do not hold then this entire move has been a "Bear Market Rally" and we could retest the lows of December 2018 (ABC Flat) or potentially lower.
https://www.facebook.com/groups/302509150207269/
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