Bitcoin Price drop incomming - EMA cross and sell signal on MACD
You can see here on the chart for Bitcoin/USDT perp on Bybit that the price should go down, an EMA cross is imminent and a sell signal has shown on the MACD indicator below as well.
The FATs indicator (Fib auto trend scouter) shows various entry and exit positions here, with it suggesting a potential outlying move down to 18.6K.
Yesterday also SkyrexTrading posted an analysis suggesting a drop to 12.5K incoming based their analysis of the 1D timeframe of the BTCUSDT chart of the WhiteBit exchange with trading chaos approach where we have already wave 3 of the bear market.
"Now the market is forming the wave 5 and waves 1 and 2 have been already ended. 1.61 Fibonacci level is located at $12500. I anticipate local pump to $20800, there I am going to close almost all my positions because I am sure that after that we are going to see the huge crash without any bounce to $12500. After that the local accumulation (waves 4 and 5) are anticipated and there will be the guaranteed bottom."
The FATs indicator (Fib auto trend scouter) shows various entry and exit positions here, with it suggesting a potential outlying move down to 18.6K.
Yesterday also SkyrexTrading posted an analysis suggesting a drop to 12.5K incoming based their analysis of the 1D timeframe of the BTCUSDT chart of the WhiteBit exchange with trading chaos approach where we have already wave 3 of the bear market.
"Now the market is forming the wave 5 and waves 1 and 2 have been already ended. 1.61 Fibonacci level is located at $12500. I anticipate local pump to $20800, there I am going to close almost all my positions because I am sure that after that we are going to see the huge crash without any bounce to $12500. After that the local accumulation (waves 4 and 5) are anticipated and there will be the guaranteed bottom."
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.
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.