Alts should be moving soon!

The EMA even though is a lagging indicator, is a great bounce projector, it doesnt always indicate a long term inversion, but it will have a reaction once it is reached. Here we see the HA candles on a daily time frame touching the 200 EMA, above is the 600 and the 1200 line, this is in confluence with the BTC reaching a peak, and may correct as well. wether if it is a long hard move or a short subtle one is yet to be seen. But the market will move.

Long term, Bearish
Short Term, Bullish

Not financial advice, just an opinion for entertainment purposes from a guy on the internet.

Kommentera:

Quick update on the idea of the EMA usage, since when are close a stronger movement may occur, the bounce on the 200 downwards, may inflict a stronger upper movement since the lines below havent crossed yet, The market will move strongly, yet is to be determined the direction of such movement.