BitcoinShort
BITCOIN made a MACD bearish cross and can fall to 98000.
Bitcoin / BTCUSD just completed a Bearish Cross on the 4hour MACD. All prior such formations have resulted in immediate declines.
The pattern on the 4hour time frame is a Channel Down and those MACD declines formed its bearish legs.
The two prior bearish legs declined by at least -8.50%.
We expect a similar technical leg to hit at least Support A, which is the last low of the Channel Down.
Sell and target 98000.
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The pattern on the 4hour time frame is a Channel Down and those MACD declines formed its bearish legs.
The two prior bearish legs declined by at least -8.50%.
We expect a similar technical leg to hit at least Support A, which is the last low of the Channel Down.
Sell and target 98000.
Follow us, like the idea and leave a comment below!!
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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.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.