MA's are about to cross over to the downside.
200 EMA is about to reach 6000 - which has proven to be an extremely strong support/resistance level.
I would recommend a short position in BTC with ultimate target being 6000 USD. Keep a relatively tight stoploss and allow trade to breath.
- Moving average cross occurring on 4Hr, as well as negative trend on daily
- Stop hunt circled to the upside, indicates further downside movement.
- Price looking to break channel movement, due to the following: Price is currently at a low point in the channel and MA's are crossing over indicating further downside (discussed above).
- Price structure since...