BitcoinShort
BEARISH FRACTAL
The current price action is eerily similar to what we saw in March before a 57% drop.
The 10EMA in blue and 20EMA in purple are in nearly identical positions as they were in March.
Price is also trading slightly below the 50MA in green and above the 200MA in red.
If price can't get above the 50MA quickly we are going to see a major sell off, in my opinion.
The 10EMA in blue and 20EMA in purple are in nearly identical positions as they were in March.
Price is also trading slightly below the 50MA in green and above the 200MA in red.
If price can't get above the 50MA quickly we are going to see a major sell off, in my opinion.
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.