Bitcoin has plummeted after the hawkish rhetoric from the Jackson Hole retreat slammed risk on assets. We broke through supoort at $20.7K and smashed through $20K. Currently, we are wavering about the $20K mark, in the high $19K's at the time of this writing. The Kovach is incredibly bearish, registering the selloff. Our next level down is $18.6K, and we have reestablished the value area, where Bitcoin wavered for weeks, between $18.6K and $20.7K.
Join my discord at discord.io/quantguy
