BitcoinShort
BTC Correction
Updated
Hi Traders,
BTC is going to correct to the following levels. On the day chart Binance the MACD cross has just initiated. There is some fighting support so it might take some time but the drop is coming. If you look at volume levels on Binance which have dropped 4X and Bitmex (Largest transactional Bitcoin Exchange) you can see its down 3X in volume . BTC simply cant carry this load up its simple math. I dont believe it will be a long correction might bounce off the second support due to the amount of buys in 25 grouping listed on Bitmex. Looks like on our call we see BTC dropping to around the 4855 and bouncing back up.
Support Level (S1): 4998.173
Support Level (S2): 4907.497
Support Level (S3): 4855.293
Our Coin of the week will be BINANCE: EVX (Everex Coin) it looks to climb to $1.41 cents from 86 cents in two week time frame or less.
Kind Regards,
Mosaic Exchange Team
MosaicExchange.co
BTC is going to correct to the following levels. On the day chart Binance the MACD cross has just initiated. There is some fighting support so it might take some time but the drop is coming. If you look at volume levels on Binance which have dropped 4X and Bitmex (Largest transactional Bitcoin Exchange) you can see its down 3X in volume . BTC simply cant carry this load up its simple math. I dont believe it will be a long correction might bounce off the second support due to the amount of buys in 25 grouping listed on Bitmex. Looks like on our call we see BTC dropping to around the 4855 and bouncing back up.
Support Level (S1): 4998.173
Support Level (S2): 4907.497
Support Level (S3): 4855.293
Our Coin of the week will be BINANCE: EVX (Everex Coin) it looks to climb to $1.41 cents from 86 cents in two week time frame or less.
Kind Regards,
Mosaic Exchange Team
MosaicExchange.co
Trade closed: target reached
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