Bitcoin Weekly Also Closes Below EMA50
EMA50 is a strong indicator on the daily timeframe for Bitcoin/Crypto... It gives out a signal 7 times stronger on the weekly timeframe.
Bitcoin closed last week below EMA50 losing a strong support.
The volume is non-existent now... It turns like this before a strong move takes place.
There can still be some "snake" action like we see late 2019 - Q1 2020... or between April and November 2018...
But these signals are telling us of a potential price drop (fairly strong).
How far down will it go?
It doesn't matter... It will move back up.
Namaste.
Bitcoin closed last week below EMA50 losing a strong support.
The volume is non-existent now... It turns like this before a strong move takes place.
There can still be some "snake" action like we see late 2019 - Q1 2020... or between April and November 2018...
But these signals are telling us of a potential price drop (fairly strong).
How far down will it go?
It doesn't matter... It will move back up.
Namaste.
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followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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