BITCOIN – The battle for the 50W MA ⚔️

Bitcoin – The battle for the 50W MA ⚔️

BTC/USD COINBASE:BTCUSD

CrashWhen

The 50W MA has served as support/resistance throughout both bull markets and bear markets. Bitcoin has now notched several weekly closes under the 50W MA which was previously held as support for most of 2021. With all 3 indices still under the 200 DMA, DXY breaking out, and a bearish MACD cross on the monthly TF, I’m leaning bearish on BTC .

28k today is the equivalent to 6k in 2018. If 28k breaks, there’s not much stopping bitcoin from teleporting down to 20-22k.

You might be interested in …

Trading View March 6, 2022

Luna gains a lot of energy after correction.

Luna gains a lot of energy after correction. Luna / TetherUS BINANCE:LUNAUSDT cryptodailyuk Hello everyone, Let’s take a look at the LUNA to USDT chart over the 4H time frame. Let’s start by marking the […]

Trading View March 10, 2022

btc review

BTC review Bitcoin / TetherUS BINANCE:BTCUSDT imanff Hello Everyone I Have Tried My Best to Bring the best Possible outcome in this Chart Hopping For Success>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Trading View January 21, 2022

Do we pick a bottom? Trade Plan Falling Wedge 21 Jan

Do we pick a bottom? Trade Plan Falling Wedge 21 Jan Bitcoin / TetherUS BINANCE:BTCUSDT Arko87 Environment * Macro: Downtrend ( falling wedge , short resistance, look for test of support of wedge . * […]