EMA50 is a strong indicator on the daily timeframe for Bitcoin/Crypto... It gives out a signal 7 times stronger on the weekly timeframe.
Bitcoin closed last week below EMA50 losing a strong support.
The volume is non-existent now... It turns like this before a strong move takes place.
There can still be some "snake" action like we see late 2019 - Q1 2020... or between April and November 2018...
But these signals are telling us of a potential price drop (fairly strong).
How far down will it go?
It doesn't matter... It will move back up.
Namaste.
Bitcoin closed last week below EMA50 losing a strong support.
The volume is non-existent now... It turns like this before a strong move takes place.
There can still be some "snake" action like we see late 2019 - Q1 2020... or between April and November 2018...
But these signals are telling us of a potential price drop (fairly strong).
How far down will it go?
It doesn't matter... It will move back up.
Namaste.
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🚨 Long-term Financial Success Available » Make The Right Choice » Join NOW! 👉 lamatrades.com (Since 2017)
🥇 9999% Results
t.me/masteranandatrades/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
anandatrades.com
🥇 9999% Results
t.me/masteranandatrades/5935
t.me/anandatrades/971
🏆 FREE Trade-Numbers
anandatrades.com
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.