BTC:USD looking for a bottom Bitstamp
Despite my longer term bullish position on the crypto market as a whole, I am currently short BTC as it looks for a bottom. While we still remain in a massive bull flag, the 50 day EMA (Red line in cloud) has started to curve down, and the 200 day looks as it will be flattening soon. Looking for support at the 200 day EMA in the next few days. With the US Government no longer shut down and futures settlement, we could see price push further lower (while wall st fills their bags) and either find support around a double bottom area (9k) or touch the bottom of the flag and the 200 EMA ($8647).
Disclaimer
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.