3 Day chart I like. BTC short/mid future, I do not like.
BTC has strong relationship with 50ma and 200ma.
After a long battle between them, BTC has always suffered a 50% death in price. Will this be the 3rd time?
I think so as the chart points out the bearish signs. This is a classic bearish scenario example.
- Bull Flag
- Breaking down from bull flag
- Rejected by 50ma
- 200ma support is being exhausted and showing weakness
- Volume is declining
- 41k acting as resistance
Let me know your thoughts below
BTC has strong relationship with 50ma and 200ma.
After a long battle between them, BTC has always suffered a 50% death in price. Will this be the 3rd time?
I think so as the chart points out the bearish signs. This is a classic bearish scenario example.
- Bull Flag
- Breaking down from bull flag
- Rejected by 50ma
- 200ma support is being exhausted and showing weakness
- Volume is declining
- 41k acting as resistance
Let me know your thoughts below
Note
Price Fallen below 200ma, currently awaiting the re test. If rejected here, 30k will be soon visited. 
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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.