Bitcoin Starts To Drop On High Volume | Next Target Mapped

19 Feb 2020

We continued to mention as Bitcoin (XBTUSD) peaked that the volume was low... This low volume with the bearish signals that were developing was pointing to a drop... Now, the trading volume is starting to go up...

• We have big volume on this drop and the indicators going full bearish.
  
• Prices moved just below MA200/EMA200 on a long-wick, now with EMA300 (gray) as the next target.
  

Based on the chart above, Bitcoin can easily continue to drop.
Our targets were first aimed at $9000-$9200, but now it seems that prices can go lower. Let's wait and see how the daily candle closes.
The details are marked on the chart.

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Namaste.

19 Feb 2020

Nota

XBTUSD (SHORT) with 75% of profits collected (10X leverage)