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%+
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.