BTC Price is on Both Great Support or Cliff
After BTC price moved from 52K to 42K, made a long red candle on the chart. We are similar to this candle from ATH in April.
Will history repeat itself for BTC?
There are lots of signals for BTC trying to prepare for big moving. We may see a big dump or pump in a few days.
After Moving from 52K to 42K, BTC price stood on 50-day & 200-day moving average...
50-day moving average worked for as great support for BTC price. In 2021 bullish trend BTC price touched 50-day average and pumped... but when It brook down, uptrend was over and It went down from 64K to 28K...
We will see 50-day average's role for now.
If it breaks down, We will see fake golden cross and see death cross after a few days...
The Clearest Signal
Tomorrow or weekend may be important for BTC price! It may a bloody weekend...
Here you can see MACD indicator support trend line on chart. As It brooke down 21 th April you can see what happened to BTC price...
As I said 50-day average is the most important for BTC, If MACD breaks down, 50-day average will break down also.. And uptrend will be ended for this year...
It is on support line on MACD indicator and It may be as a Cliff line.
We will see and waiting the weekend.
Are you Ready?
Posted Using LeoFinance Beta
You need to stake more BEER (24 staked BEER allows you to call BEER one time per day)
From Saturday,we will know were BTC is going.if it will break 46k and continue up or break 43k and continue down
Posted Using LeoFinance Beta
I wasn't aware of your posts as you don't use tr tag. It was a nice surprise for me. I am also bearish on BTC. Reasons: MACD signals sell, RSI below 50, volume is weak, there are divergences on MACD, RSI, and volume signaling sell. And as you mentioned, there is a long red candle on the chart. Hopefully to be neutralized with a long green candle.
Nice to see you in my posts! I dont use tr tag that is not related for tr tag?
Next week is will be impoartand for BTC future...