BTC C U @ 30k M8 .. (and even lower?)

Bitcoin all time history index INDEX:BTCUSD

SocratesJnr

3 Day chart I like. BTC short/mid future, I do not like.

BTC has strong relationship with 50ma and 200ma.

After a long battle between them, BTC has always suffered a 50% death in price. Will this be the 3rd time?

I think so as the chart points out the bearish signs. This is a classic bearish scenario example.
– Bull Flag
– Breaking down from bull flag
– Rejected by 50ma
– 200ma support is being exhausted and showing weakness
– Volume is declining
– 41k acting as resistance

Let me know your thoughts below

You might be interested in …

Trading View April 19, 2022

Stonk-Crypto Update (#16) : 10y Yields Implications

Stonk-Crypto Update (#16) : 10y Yields Implications Bitcoin / U.S. dollar BITSTAMP:BTCUSD PRO_Indicators Here’s your weekly update ! Brought to you each weekend with years of track-record history.. Don’t forget to hit the like/follow button […]

Trading View March 21, 2022

JASMYUSD Bullish cup and handle pattern

JASMYUSD Bullish cup and handle pattern JASMY/USD COINBASE:JASMYUSD brandonvarisco Using almost all time candles you can see a fairly large “bowl” or “cup” formation. The formation completed last week and seems to be in the […]

Trading View March 29, 2022

Cardano (ADA) Sell Zone

Cardano (ADA) Sell Zone Cardano / TetherUS BINANCE:ADAUSDT Zerene Cardano (ADA) Sell Zone ——————– BIAS Mid-Term : Neutral Long-Term : Bullish Risk : High This Cardano short scalp is currently at trading zone, however, it […]