💀❓Unprecedented MA Convergence: Critical Moment for Bitcoin 📊⚡
[size=150]BTC/USD 1-month:[/size]
A truly eye-opening picture and perhaps a sobering one. This convergence of absolutely key MAs has never been witnessed on Bitcoin before. It's make or break time.
The [color=grey]20-month[/color] moving average has never crossed the [color=black]50-month[/color]. Currently they are only [color=green]two hundred dollars apart[/color] (!). That is a serious death cross setup.
Also the classic [color=blue]50D/200D[/color] death cross is lining up and also [color=green]two hundred dollars apart[/color] 🤔 This daily cross, however, has a high chance of being retested on a spike where the MAs meet ([color=blue]50/200D[/color] – we will keep you updated on it shortly).
“It's truly 50-week MA has to hold being the last true area to create support. We lose that… my goal is 111 MA on monthly.” – John from EXMO Study
[size=150]Legend for chart:[/size]
50D MA = [color=lightblue]light blue[/color], 200D MA = [color=darkblue]dark blue[/color]
20M MA = [color=grey]grey[/color], 50M MA = [color=black]black[/color]
111M MA = [color=red]red[/color] (distribution channel)
A truly eye-opening picture and perhaps a sobering one. This convergence of absolutely key MAs has never been witnessed on Bitcoin before. It's make or break time.
The [color=grey]20-month[/color] moving average has never crossed the [color=black]50-month[/color]. Currently they are only [color=green]two hundred dollars apart[/color] (!). That is a serious death cross setup.
Also the classic [color=blue]50D/200D[/color] death cross is lining up and also [color=green]two hundred dollars apart[/color] 🤔 This daily cross, however, has a high chance of being retested on a spike where the MAs meet ([color=blue]50/200D[/color] – we will keep you updated on it shortly).
“It's truly 50-week MA has to hold being the last true area to create support. We lose that… my goal is 111 MA on monthly.” – John from EXMO Study
[size=150]Legend for chart:[/size]
50D MA = [color=lightblue]light blue[/color], 200D MA = [color=darkblue]dark blue[/color]
20M MA = [color=grey]grey[/color], 50M MA = [color=black]black[/color]
111M MA = [color=red]red[/color] (distribution channel)
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