BTC -MACRO LOOK- POTENTIAL DROP TO 20K
Updated
Hey guys. Hope everyone is doing well. Not much explaining needed for this chart as it's just DATA and I thought it was interesting so I wanted to share. This is a MACRO CHART covering a timeframe of 10 Years
I've noticed every time the yellow crosses below the green, BTC HAS ALWAYS dropped to around the 150W SMA! A DROP seems to always happen right before the yellow 50HMA makes an ATTEMPT to cross back above the green 20EMA...
HOWEVER, NOTICE THAT THIS TIME THE YELLOW LINE TECHNICALLY CROSSED BACK ABOVE THE GREEN JUST A VERY LITTLE BIT BUT THE PRICE HAS FALLEN BELOW BOTH RECENTLY (hopefully that made sense lol)
WILL HISTORY REPEAT/RHYME?
I will say the only potentially good thing BTC has going for it right now (as far as technical analysis) is the fact that YET AGAIN, BTC is making another CME GAP over the weekend just like the last two weekends. This one is OPPOSITE from the last two weekends because to FILL THE GAP, BTC PRICE WOULD NEED TO INCREASE, where as the LAST TWO weekends created CME GAPS which were both filled by BTC price dropping.
**This is NOT financial advice. Please do your own research before investing or trading**
I've noticed every time the yellow crosses below the green, BTC HAS ALWAYS dropped to around the 150W SMA! A DROP seems to always happen right before the yellow 50HMA makes an ATTEMPT to cross back above the green 20EMA...
HOWEVER, NOTICE THAT THIS TIME THE YELLOW LINE TECHNICALLY CROSSED BACK ABOVE THE GREEN JUST A VERY LITTLE BIT BUT THE PRICE HAS FALLEN BELOW BOTH RECENTLY (hopefully that made sense lol)
WILL HISTORY REPEAT/RHYME?
I will say the only potentially good thing BTC has going for it right now (as far as technical analysis) is the fact that YET AGAIN, BTC is making another CME GAP over the weekend just like the last two weekends. This one is OPPOSITE from the last two weekends because to FILL THE GAP, BTC PRICE WOULD NEED TO INCREASE, where as the LAST TWO weekends created CME GAPS which were both filled by BTC price dropping.
**This is NOT financial advice. Please do your own research before investing or trading**
Note
We made it... BELOW 20K
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