Bitcoin Weekly Also Closes Below EMA50

11 באפר׳ 2022

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.