FFT and Bitcoin reverse back to the downside. New lows for the day.

The price of FTT reached a corrective high of $19.75 off the news that they were looking to sell to Binance. Then the market got wind that....well, there was more work and diligence to go and maybe that the diligence might not be all that good, buyers turned to sellers and the price has now moved to a new low of $8.56. Looking at the daily chart, that took the price below a lower trend line and into a swing area between $7.05 and $11.30. The current price trades at $9.50 as I type.

Meanwhile, Bitcoin Bitcoin Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Read this Term stalled at the 200 hour MA on the snap back rebound and has since moved to new lows. The digital currency is testing a swing area on the hourly chart between $18,861 and $18,965. Move below is more bearish with targets at $18,653 followed by the October low of $18,183.

The digital currency's are in trouble. Oh, no.