Hello people!
The market is currently driven down by the snowball effect. Whales started the sell - off and the mass continued.
BTC/USD daily:
Bitcoin is currently around the last point of support using this pitchfork channel
it smashed it through the 100 day MA (red) and is heading towards the 50 day MA (blue), where we will probably find our next support level if the sale continues
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the MACD crossed the signal line for the first time since the 'big green'
I'm hoping for a support at the 40 RSI level (previous resistance)
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BTC/USD on the 4h:
the Tenkan is now below the Kijun (blue below red) and a red cloud starts to form
the RSI indicates an oversold situation and a bounce is expected
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