BTC has had an EMA cross down on the 4HR, being the 50 and the 200 which is a sign of trend reversal - into bearish momentum - some form of downtrend
BTC has fallen out of multiple pennant structure - sellers were winning
Positively though we have got bullish divergence forming on all time frames up to 12 hours which will be strong buy back signals
For me, 27-28K looks like the zone where will find buyers in numbers, and get a stronger bounce - indicated by the red lines
Lets see what happens...
BTC has fallen out of multiple pennant structure - sellers were winning
Positively though we have got bullish divergence forming on all time frames up to 12 hours which will be strong buy back signals
For me, 27-28K looks like the zone where will find buyers in numbers, and get a stronger bounce - indicated by the red lines
Lets see what happens...