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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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.