This is the first time since this bull run started last year that we have broken below the 20 day moving average.
Currently there is a strong bounce from buyers off the 50 Day SMA
I think we will range between the 20 Day and 50 Day before we decide to go up or down. But my guess is we'll go down on BTC, given this is the first time that trend has broken since October 2020 on the Daily Chart.
That said, the weekly looks much different.
Come join the discussion.
Currently there is a strong bounce from buyers off the 50 Day SMA
I think we will range between the 20 Day and 50 Day before we decide to go up or down. But my guess is we'll go down on BTC, given this is the first time that trend has broken since October 2020 on the Daily Chart.
That said, the weekly looks much different.
Come join the discussion.
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.