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 May 3, 2022

Bitcoin (BTC) – May 4

Bitcoin (BTC) – May 4 Bitcoin / TetherUS BINANCE:BTCUSDT readCrypto hello? Welcome, traders. By “following”, you can always get new information quickly. Please also click “Like”. Have a nice day. ————————————- ( BTCUSDT 1W Chart) […]

Trading View June 1, 2022

Trade Alert

Trade Alert GTC/USD COINBASE:GTCUSD stewdamus Traders, Stepping into the waters here as BTC .D chart shows us nearing resistance, meaning that ALTS could play catch up here a bit. Entry = 3.01 SL = 2.57 […]

Trading View March 30, 2022

Civic potential pump

Civic potential pump Civic / TetherUS BINANCE:CVCUSDT kokonananony BINANCE:CVCUSDT CVC To the moon +150 – 300% soon, I hope STOP LOSS is most important than making profit.