BTC Bounce of support? Or shoot below?
This is a tough one for everybody invested in the crypto markets. The daily looks like it may have some potential of keeping the bottom trend line in tact so watch for that. Stoch/RSI is oversold. The only thing really making me think that we may be in trouble is if you look at the weekly chart. The 10 and 20 day EMA are on a crash course heading for a severe crossover which would be terrible. If it break that support, it may be a time for me to cash out and look to buy in at a lower price so that I can protect some of the profit that I have acquired. If anyone has any theories to either side i'd be happy to hear from you.
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