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 May 10, 2022

What's Next for BTC? BEAR MARKET?

What's Next for BTC? BEAR MARKET? Bitcoin / TetherUS BINANCE:BTCUSDT apexcryptotrading In my previous idea post, I mentioned how 35k is a very critical support that we must hold and how we went into doom […]

Trading View April 28, 2022

Next Bitcoin Movement 41760 dollar

Next Bitcoin Movement 41760 dollar Bitcoin / TetherUS BINANCE:BTCUSDT tegalta We may see BTC in the area of $ 41760 to test the Bollinger Bandsarea

Trading View April 28, 2022

BTC Bitcoin short Price Targets and Stop Loss

BTC Bitcoin short Price Targets and Stop Loss Bitcoin / TetherUS BINANCE:BTCUSDT BuySellMarketMaker BTC /USDT short Entry Range: $39200 – 40100 Take Profit 1: $38000 Take Profit 2: $37500 Take Profit 3: $36400 Stop Loss: […]