Acting as suspected. and once again. 160is less likely than much lower. IMO BTC goes to 24k. Possibly 7-9k if things get real ugly but i'm in doubt of that. I'll be laddering in at the 24k level. it's going down from here, but a dead cat bounce is expected. good luck
Note
In addition the 3 day cross of 10and 20 MA is a tell tale sign of initiated downward momentum.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.