XBT: 2nd Drop Ahead

XBT: 2nd Drop Ahead
Bitcoin / US Dollar Perpetual Inverse Swap Contract BITMEX:XBTUSD
DarkSideOfTheMoon

Very straight forward and easy to read technicals. A guaranteed touch-down at 6.6k if 'daily' PSAR remains unbroken in the next 3 days. Even if broken, won't be able to hold the remaining two MA's weight. Connections have been averaged with step-line over linear for higher precision.

1. exit short position at 7.2k
2. rebound to 7.8k area
3. re-short till 6.6k
(approximations = +/-0.1k)

Once arrived, we can reassess MA positions along with candle analyses to conclude potential value increase or further drop post consolidation.