Bitcoin Update on the Daily
Still waiting to see what happens when the 25 and 50 EMA catch up to each other on the Daily. The 25 EMA on the Weekly is around $8130 so I'm taking a guess that by the time the 25 and 50 EMA catchup it'll be in the $8250 range.
Last time they crossed after a pull-back we had a big sell-off. That's honestly the outcome I've been waiting on as I still believe we'll have another leg done as I've mentioned in my previous analysis.
Bull Volume is non-existent with no strong signals or indicators that we are done with the bear move.
Sometimes the best trade is the one you don't make. I'm all cash.
Last time they crossed after a pull-back we had a big sell-off. That's honestly the outcome I've been waiting on as I still believe we'll have another leg done as I've mentioned in my previous analysis.
Bull Volume is non-existent with no strong signals or indicators that we are done with the bear move.
Sometimes the best trade is the one you don't make. I'm all cash.
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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.