Things looking very bearish for Bitcoin and the entire crypto market. The 100 DMA is crossing below the 200 DMA, MACD about to cross bearish, room to move downward on the RSI and Stoch RSI, and those three combined with the Williams %R look very similar to the crash of May 12, 2021. I've been saying for weeks we are in Phase D of distribution not Phase C of accumulation. Looks like we are about to enter Phase E of distribution.
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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.