Possible incoming correction close to the Moving averages

Bitcoin (BITFINEX:BTCUSD)

Updated

BITFINEX:BTCUSD Bitcoin

Trend Analysis Chart Patterns BTC Bitcoin (Cryptocurrency) BTCUSD bitcoinusd

trendanalysis chartpattern btc bitcoin btcusd bitcoinusd

As spotted in the previous bear market, before the Smma golden cross happens, a correction is likely to happen in this area with a retest of the daily 200 Smma

Comment:

Let's see how this develops, the first true corrective move since months

Comment:

Still possible to happen

Comment:

Still valid
Current level of the Moving averages

snapshot

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