the bitcoin is currently in a consultation with which he must soon make a decision.
now two opponents are in the ring.
in the left corner of the 200 EMA with the trend direction as supporter.
In the right corner we have the cloud which indicates a trend change.
We broke the last low, which is a bearish signal.
The MACD is not oversold but not overbought. However, he teniert to a crossover of the signal line.
Now, in my opinion, the market will break down. The 200 EMA has not brought any significant movement. There was absolutely no volume in the market which is why I assume that the EMA will lose by a knockout.
If you look at the whole picture from the long-term perspective, it could well be that the market is looking for a month-long lateral movement before it goes to the moon.
If that were the case I would position myself long and take the move with me. For this to be the case, one would have to reassess the sitation in a few weeks.
Currently I'm still going from a rewind.
Enjoy the way
now two opponents are in the ring.
in the left corner of the 200 EMA with the trend direction as supporter.
In the right corner we have the cloud which indicates a trend change.
We broke the last low, which is a bearish signal.
The MACD is not oversold but not overbought. However, he teniert to a crossover of the signal line.
Now, in my opinion, the market will break down. The 200 EMA has not brought any significant movement. There was absolutely no volume in the market which is why I assume that the EMA will lose by a knockout.
If you look at the whole picture from the long-term perspective, it could well be that the market is looking for a month-long lateral movement before it goes to the moon.
If that were the case I would position myself long and take the move with me. For this to be the case, one would have to reassess the sitation in a few weeks.
Currently I'm still going from a rewind.
Enjoy the way