BTC Crossing MACD Signal Line Bearish Signal
We've been warning everybody for quite a bit now about how bitcoin is correcting.
The emas just passed over the signal line on the macd, a definite bearish sign.
if you notice it looks fairly clear to be running down to the 200 day moving average (the green line). It's a healthy retest, but the bulls need to see btc be able to rebound and not close under that 200day moving average
I like to see technical analysis tell me a story. the story to me is clear as day. We have a descending triangle after a nice rally where we'll have a correction to the 200day moving average and most likely bounce off and go parabolic
The emas just passed over the signal line on the macd, a definite bearish sign.
if you notice it looks fairly clear to be running down to the 200 day moving average (the green line). It's a healthy retest, but the bulls need to see btc be able to rebound and not close under that 200day moving average
I like to see technical analysis tell me a story. the story to me is clear as day. We have a descending triangle after a nice rally where we'll have a correction to the 200day moving average and most likely bounce off and go parabolic
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