The correction or drop in Bitcoin. We can observe with our technical indicators, how this last move was being expected. While some were expecting a move to the upside, and got into a new position, that resulted in heavy loses for them.

All what it takes is a careful observation with the technical indicators to watch for the latest moves and how it was moving or heading into a negative territory or the downside.

Below zero line and the crosses over its own averages can also support and help to identify that it was too early to get in, while it was consolidating. Therefore, some were taking profits and new comers taking loses.

For educational purposes only and not intended as a financial advise of any kind.