BTC broke out of the VAMA "bouncing zone" it was in since July!
After bouncing around between the fast and slow VAMA since July this year,
BTC has broken out downwards, out the "bouncing zone", which most will likely indicate more downwards action to come.
In fact, BTC has been trending up since it broke out of the bounce zone om March 15 until July 14,
when it entered the last sideways range it has now broken out of.
I expect a revisit to the 9.300 - 9.100 region,
As a possible next target, the fast VAMA on the Weekly timeframe is currently located at around 8.300.
Just my two cents ;-)
JD.
#nottradingadvice
#DYOR
#marketsdowhatevertheFtheywant
BTC has broken out downwards, out the "bouncing zone", which most will likely indicate more downwards action to come.
In fact, BTC has been trending up since it broke out of the bounce zone om March 15 until July 14,
when it entered the last sideways range it has now broken out of.
I expect a revisit to the 9.300 - 9.100 region,
As a possible next target, the fast VAMA on the Weekly timeframe is currently located at around 8.300.
Just my two cents ;-)
JD.
#nottradingadvice
#DYOR
#marketsdowhatevertheFtheywant
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