We have entered the same zone as summer 2021.
As you can see in May 2021 (1) BTC bounced at the EMA 100 and is now (2) doing the same pattern bouncing at the EMA 200.
In May 2021 after bouncing on the EMA 100 we had an accumulation period where we reached $28.7K.
Considering this scenario, it will have to be repeated, which could take us two months until we have an uptrend again.
As you can see in May 2021 (1) BTC bounced at the EMA 100 and is now (2) doing the same pattern bouncing at the EMA 200.
In May 2021 after bouncing on the EMA 100 we had an accumulation period where we reached $28.7K.
Considering this scenario, it will have to be repeated, which could take us two months until we have an uptrend again.
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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.
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.