BTC/USD - 🚨 $40k Support LOST! BEARISH Cross! 😱
BTC just cracked below 40k. No, no, no... bad news.
As I indicated in my last BTC analysis (👇), losing 40k support is a MAJOR bearish signal.
This is also confirmed by the daily MACD that just flipped on the NEGATIVE. OBV also fell below the 21+55 EMAs... BEARISH.
Those buying here were fooled and those seeing an inverted head and shoulders were fooled twice.
BTC appears ready to go lower unless this is a scam dump or fakeout, unlikely, however.
So what now?
Prepare for the price to head to low 30k, if this bearish trend lasts a while, even sub 30k... that is when you should consider scaling into BTC and juicy alts.
Bias is bearish right now. Stay safe and trade wisely.
Like and follow if you liked my idea!
As I indicated in my last BTC analysis (👇), losing 40k support is a MAJOR bearish signal.
This is also confirmed by the daily MACD that just flipped on the NEGATIVE. OBV also fell below the 21+55 EMAs... BEARISH.
Those buying here were fooled and those seeing an inverted head and shoulders were fooled twice.
BTC appears ready to go lower unless this is a scam dump or fakeout, unlikely, however.
So what now?
Prepare for the price to head to low 30k, if this bearish trend lasts a while, even sub 30k... that is when you should consider scaling into BTC and juicy alts.
Bias is bearish right now. Stay safe and trade wisely.
Like and follow if you liked my idea!
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