$BTC Possible $12500?
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Are prices heading lower to possible $12500?
Yes! Now that the price has crossed back below the 1.618 Fib Moving Average (blue line) things have turned bearish. $25196 (current 20WMA/Mid BBand) needs to hold. If that breaks and stays below we have the supertrend to keep the price at or above $21519, but in all honestly the longer we stay below the 20WMA the lower we go and the BBands indicate $12500 - A low wick down. After that the price will rally to ATH. (Price changes weekly)
If you have been following me so some time you know I use the 2day Candle to make my Bitcoin trades and last wednesday BTC was a sell and time to get out and watch and re-enter when strategy indicates a buy!
Watch out for those above things and also the NVT turning out of its bullish phase (red to clear)
Yes! Now that the price has crossed back below the 1.618 Fib Moving Average (blue line) things have turned bearish. $25196 (current 20WMA/Mid BBand) needs to hold. If that breaks and stays below we have the supertrend to keep the price at or above $21519, but in all honestly the longer we stay below the 20WMA the lower we go and the BBands indicate $12500 - A low wick down. After that the price will rally to ATH. (Price changes weekly)
If you have been following me so some time you know I use the 2day Candle to make my Bitcoin trades and last wednesday BTC was a sell and time to get out and watch and re-enter when strategy indicates a buy!
Watch out for those above things and also the NVT turning out of its bullish phase (red to clear)
Note
Update:Broke the 20WMA and price points to $14700
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