Delchoni

Bitcoin approaching dangerous zone.

BITFINEX:BTCUSD   Bitcoin
The 150D SMA has been acting as a strong resistance before the 6k crash, lets see how the price will react this time. If the MA holds I'm expecting a fast dump to 3k or even sub 3k levels. If the price however goes above the MA chances are that a move to 4700 is possible in the short therm. However there is a chance of a fakeout that will trick a lot of people to go long so be cautious and don't fomo.

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