Overnight we saw a Bitcoin Bear Flag play out to the downside. There are Sell Triggers that we marked on the Bitcoin and Ethereum charts. We expect to see continued selling pressure on the back of news that Google is banning Crypto Ads. There should be a great deal of support around the $8100 area, where we should expect to see a bigger bounce at resistance.
News:
Google Moves to Ban All Crypto Ads:
https://www.zerohedge.com/news/2018-03-14/bitcoin-sinks-google-moves-ban-all-crypto-ico-ads-june
Crypto Billionaires Take Over Puerto Rico:
https://www.zerohedge.com/news/2018-03-14/mysterious-crypto-billionaires-taking-over-puerto-rico
Sell Trigger Marked
Sell Trigger Marked
