BTC for the final leg down to $8K

in #btcusd6 years ago (edited)

55MA was breached only 4 times during 2017. this has been breached this time again. currently its hovering in between 55MA and 200 EMA . It has yet came as low as $10040 though.

Oversold it is for now. the RSI is extremely low. Last time BTC had this low RSI was price was less than $4000 and that's where the rally started.

BTC is finally making its move to complete the ABC correction. final wave towards $8K will complete the ABC correction.

Remember 200 EMA is $8448 so this should act as a good support for the C correction.

Let see how this plays out!

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