Hey guys. Look at my simple chart. It only has 1 day EMA
26 and EMA
12. No head, shoulder, cup, handle or waves :D The bitcoin
price fell down whenever it reached between EMA
12 and EMA
26 since it fell from 12k level... One resistance since then and nothing changed yet. The 24hr volume
just hit 4 months low! Do we have a break out toward up when the volume
is at a record low? We may, but I really doubt. Whenever we get close to 1day ema
12, we go down 1000 to 1500 points down with a huge red candle. So I am expecting to go very down very soon :D The 24hr volume
is less than 10 billion and the market cap is more than 250 billion. I think the cap will go down to 200 billion soon. I might be wrong of course! I was wrong many times in the past :) Lets wait and see...
This is just my personal opinion and not a financial advice.