We see a falling wedge and a bullish divergence on the chart. This means that soon this index could shoot up from this wedge, and that would mean the collapse of the economy and, as we already know, Bitcoin is copying stock markets. The long-awaited wave (c) could arrive at BTC.
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Today we tested Monthly MA 120. This is a 10 year Moving Average.
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On the Daily and Weekly charts we can see the bullish divergence. These are 2 possible scenarios that can start a crisis. If you see breaking up the wedge, probably we will see a big drop in the stock market.
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On the chart we see that we broke the falling wedge and now we are testing it. A shot up will mark the beginning of the crisis.
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Trade ativo:
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