BTC Should Have A Correction Sooner Than Later

3 simple reasons make me think that :

1. We just hit the 200 simple daily moving average

2. The turquoise line show a strong resistance zone

3. The RSI is a bit overbought

So just be careful if you want to invest in BTC, maybe the bear is over, but BTC is overdue for a correction.

Let's see what will happen in the next few days.

Stay tuned,

Fred

Kommentera:

So we're in the middle of the correction now.

Kommentera:

Be ready for more downside action. 70% chance BTC will drop.