In my last couple updates, I discussed the real possibility bitcoin was topping out. It’s now decisively broken below the $8,150 support. The next area of support is $7,550.
Price is currently below the 21 Day EMA. If a daily candle opens and closes below the 21 day EMA, I'd likely signal more downside to come and possibly the start of a larger correction.
In today’s video I analyze Bitcoin, EOS, BNB, BAT, LTC, ETH and XRP. We’ll discuss where prices may be heading next, key areas to watch, possible buy/sell targets and so much more. I hope you find it helpful.