Thursday has ended up draining bitcoin for several weeks now.
The price broke through the 100MA on the 1W Timeframe, the previous 3 times such a breakout entailed a drawdown of ~45%.
Bitcoin continues to move in a downward channel and has entered an area with little trading history.
If the price fixes in this zone, I expect the key level to be reached.
The price broke through the 100MA on the 1W Timeframe, the previous 3 times such a breakout entailed a drawdown of ~45%.
Bitcoin continues to move in a downward channel and has entered an area with little trading history.
If the price fixes in this zone, I expect the key level to be reached.
