OH NO! BTC IS BELLOW THE '200s!!!! SELL SELL SELL SELL
Wait a minute dude! Do not freak out! Calm down! Here, have a beer, treat yourself, relax!
The last 24hr BTC's movement may worry some people, but that is normal! Lets take a look at the graph and I'll tell you what is going on:
As you can see, the price is bellow the '200s. And it's not just bellow, the price tried to get above it, but it did not pass and sinked right after to a support zone that is marked with a blue line.
For the more experienced traders, you must notice that the price is moving in a pivot pattern. The first thing we think is that this is a valid downward trend and the finger itches to sell.
Besides the support zone, we have the MACD very stretched at the sell zone. So, I expect the price to crabwalk before deciding what to do. It's a day of heavy correction at the global markets, so, we must be carefull.
IT'S NOT TIME TO SELL, IT'S TIME TO WAIT
STAY TUNED AND BE PROFITABLE!
If you want to know more about how we trade here, please checkout RedArticuno's playbook
