BitcoinUpdated BTC: Is It Time To Be Worried? (Long term analysis)
Hello All,
IS it time to be worried? The Log MACD signaled its first bearish cross since 10k. Each major cross above the .25 value on the MACD has resulted in a minimum -40% pullback.
To make this scenario more valid, there is a trend line that has been lowering over the years as each MACD top is lower although price is higher. This trend has 4 touches on it and BTC just experienced one.
Please secure gains in this market. It can turn bear before you know it.
Thanks!
Please Comment & Like
IS it time to be worried? The Log MACD signaled its first bearish cross since 10k. Each major cross above the .25 value on the MACD has resulted in a minimum -40% pullback.
To make this scenario more valid, there is a trend line that has been lowering over the years as each MACD top is lower although price is higher. This trend has 4 touches on it and BTC just experienced one.
Please secure gains in this market. It can turn bear before you know it.
Thanks!
Please Comment & Like
Note
Top was signaled at 62k! Hope all of you benefited. LMACD doesnt lie!
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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.
Follow me on twitter! twitter.com/traderview2
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.