Bitcoin Long Term
Updated
It's hard to be bearish if the BiMonthly candle closes like this. on the other hand, if the Monthly candle closes above EMA21 it's no longer bearish in the Macro and Long term.
But note that Bitcoin could test lower levels such as $6000 for playing out a Correction.
About that 2D Death Cross:
The first change of behavior was the candle close above the EMA55. And now the change of behavior will be confirmed if a 2D Candle close above EMA200 and could turn the Death to Golden Cross...
Note
Now the Correction target will be higher into Mid 8000s.
Without Risk and Position Management, You WILL Lose Money.
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.