UnknownUnicorn4304403

Bitcoin daily chart 10/18/2019

BINANCE:BTCUSDT   Bitcoin / TetherUS
Im taking a look at the daily chart this morning and we saw a decent drop just within the last few hours. Down to nearly 7800 but have since recovered a bit to 7900. There was not a real bounce like there has been the past 2-3 times we tested 7800 so that is showing us the bulls may be out of gas. The reason I say this is we bounced well off the white line in the past. That death cross is getting closer and closer to becoming a reality and I dont think the candles will wait for the actual cross to occur. I think we may dip before the 50 MA crosses below the 200 MA (death cross) Bolinger bands are still nice and tight on the daily as well so watch out for the coming volatility. That daily 200 MA has been killing the bulls. They just cannot seem to beat it. Until that happens Im a bear. Daily volume is sitting at $15,225,924,767 which is pretty average. Lets see how the rest of this daily candle plays out. (WTFDIK)
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