We are going to be looking at some basic signals related to Bitcoin and the current bearish action we are experiencing.
➖ MACD
The daily MACD produced a triple-top, is trending down and there is also a bearish cross. These are all bearish signals.
➖ RSI
The RSI is trending lower, straight down. A triple long-term top is also present here. The reading is 50; soon to enter the bearish zone.
➖ Lower Highs
We have some major lower highs since the All-Time High in March 2024.
In April 2024, in May and the ones seen on this chart:
➖ MA200 (Moving averages)
Bitcoin moved and closed daily below MA200. As a bonus signal, we also have a rounded top and a break below EMA8, EMA13 and EMA21.
Thank you for reading.
Namaste.
➖ MACD
The daily MACD produced a triple-top, is trending down and there is also a bearish cross. These are all bearish signals.
➖ RSI
The RSI is trending lower, straight down. A triple long-term top is also present here. The reading is 50; soon to enter the bearish zone.
➖ Lower Highs
We have some major lower highs since the All-Time High in March 2024.
In April 2024, in May and the ones seen on this chart:
➖ MA200 (Moving averages)
Bitcoin moved and closed daily below MA200. As a bonus signal, we also have a rounded top and a break below EMA8, EMA13 and EMA21.
Thank you for reading.
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
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.