On may 14 I published an idea about bitcoin in a bear flag pattern and it broke the pattern. The support levels at 47k and 44k have been reached. Bitcoin seems to be trending lower. The exponential moving averages are trending lower. The relative strength index is way below 50 on the daily chart showing signs of sellers in control and the MACD is showing a very...
Using the 9 and 15 exponential moving averages with a relative strength index and a MACD. Currently Bitcoin seems to be forming a bear flag pattern on the daily chart and just waiting to see if it breaks below the pattern. There is major support areas in the 47k range and 44k range which were tested in early February 2021. The relative strength is giving a reading...
