EMA 200 on weekly time frame analysis
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
I have been looking at the chart on HTF where we can start our buy orders and found that EMA 200 on weekly time frame has been testing 3 times in the last 7 years which 1 time it was due to a covid crash, other than that BTC went inside ema 200w just one year before halving, right now we are seeing the same PA, but there are other factors contributing to the Price to move lower, as there is this uncertainty of WAR, recession, commodities shock, interest rate climbing 4% in 2023 July~Sep, all of these factors can contribute to BTC in major demand zones (BOX on the chart)
