A major bearish signal (BD-Signal) is now in the making when looking at Bitcoin through the weekly timeframe chart... Let's jump in!
But first, how are you doing?
I hope this day and week fills you with joy, growth, knowledge and all the pleasures life has to offer... I hope your journey toward enlightenment continues to improve.
If you are not in a journey toward enlightenment, then you should consider it.
Ok... Let's look at the chart.
➖ Bitcoin is moving weekly below the mid-pace exponential-moving average of twenty one periods. The last time this happened was November 2021, after a major all-time high in prices.
➖ This is the first time this events happens in almost three years; Bitcoin moving below this major ma coming from a new ATH.
What does this means?
👉 This means that a major crash is ahead of us... By "ahead of us" I mean soon, really, really soon... The biggest crash since 2021. It will be fast and strong.
Namaste.
But first, how are you doing?
I hope this day and week fills you with joy, growth, knowledge and all the pleasures life has to offer... I hope your journey toward enlightenment continues to improve.
If you are not in a journey toward enlightenment, then you should consider it.
Ok... Let's look at the chart.
➖ Bitcoin is moving weekly below the mid-pace exponential-moving average of twenty one periods. The last time this happened was November 2021, after a major all-time high in prices.
➖ This is the first time this events happens in almost three years; Bitcoin moving below this major ma coming from a new ATH.
What does this means?
👉 This means that a major crash is ahead of us... By "ahead of us" I mean soon, really, really soon... The biggest crash since 2021. It will be fast and strong.
Namaste.
Commentaire:
The above mentioned bearish signal confirmation is not yet in but basically confirmed. A confirm break of EMA21 as support would lead to a minimum price of around $48,400. Since $48,400 is a very week level; Bitcoin didn't trade here for more than a few days, we can expect to see the next main and major level to be tested at the least. This major level sits at $42,855.
The bigger portion of the bearish move is yet to materialize.
The altcoins will bottom before Bitcoin but these too will continue to suffer for a while.
The ALTSBTC can look good and safe as predicted long-term.
Namaste.
The bigger portion of the bearish move is yet to materialize.
The altcoins will bottom before Bitcoin but these too will continue to suffer for a while.
The ALTSBTC can look good and safe as predicted long-term.
Namaste.
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For this analysis, EMA21 weekly is the relevant signal/indicator.
The week still has 3.5 more days to go before closing thus plenty of time.
A close below 61,300 confirms the major bearish signal, so it is possible that the biggest crash will actually develop.