If we see the last bull run, after crossing the 50 WMA bitcoin tested and got rejected for further downside to test 200 WMA. But this time it has already been dropped below 200 WMA and not testing it, not just that also testing 50 WMA. If it gets rejected here, would not be a good sign for bulls.
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Here what happed last cycle
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Bearish Divergence on Daily TF
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Even 2013-2014 cycle.. 50 WMA played its role very well
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First time ever in the history of Bitcoin, it is getting rejected by 50 month MA.
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Told ya!! enjoy those listened!
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