Acting as suspected. and once again. 160is less likely than much lower. IMO BTC goes to 24k. Possibly 7-9k if things get real ugly but i'm in doubt of that. I'll be laddering in at the 24k level. it's going down from here, but a dead cat bounce is expected. good luck
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In addition the 3 day cross of 10and 20 MA is a tell tale sign of initiated downward momentum.