You are viewing a single comment's thread from:

RE: Bitcoin (BTC) Mid-Day Update: ABC Likely Complete; $9,451 likely Next Target

in #bitcoin8 years ago

The correction might not be over. This is the first time since 2015 that BTC-USD has dropped below the 200 EMA. Plus, there is a noticeable drop in overall volume since the price bottomed below $6000. There is lack of buying interest from big money folks and institutions. A continuation of bearishness is possible. A common sign of bearish continuation is a brief rally followed by diminishing volume. I'm looking to buy at between 3000 and 4000 if it continues to drop.