Short-term, bitcoin in a descending channel and it is likely to go to something like 3200 (resistance line) -> 4200 (false breakout above the resistance) –> sub-3000 (a new low).
Mid-term, historically, if such a huge drop happens, it never stays there longer than two weeks – this time could be an exception.
All eyes at 200-weeks moving average!
–––––––––––––––––––––––
Follow me on social media:
Twitter: https://twitter.com/CryptoHamsterIO
Steemit: https://steemit.com/@crypto-hamster
Tradingview: https://www.tradingview.com/u/Furba
My virtual portfolio held from Aug 31: https://www.cryptocompare.com/portfolio-public/?id=414941
Read next
From @crypto-hamster