EMA 50 & EMA 200 Cross-Over into Gap After Double-Top
The EMA 50 & EMA 200 have begun their intersection in the current price action for Bitcoin. See the light-blue boxes that are part of the red double-top boxes. Within the light-blue boxes one can see the "hump" type shape leading up to the intersection of the EMA 50 & EMA 200, with the result being the EMA 50 (that was previously on top) to cross down under the EMA 200. The result is the EMA 200 now becomes the upper EMA between the two. The two intersecting in the previous two instances result in a large gap forming between the two EMAs and a resulting price decrease over time. Theoretically, we may be witnessing the same thing in this third instance (as noted due to the similarities). It's not exactly the same this time around (we may get another "hump" before a full cross-over is actually completed), but this is how I see it right now and the warning signs that the price of Bitcoin is about to take another down-turn. The fuchsia lines after the current price action I drew to denote my expectation that now after dancing on the red dashed-diagonals, we will be visiting between them.
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