BTC has given us a relatively flat week. But calm seas never make a sailor. And despite all the headlines reinforcing mass adoption is underway, the BTC bears are still looking for blood. Three observations I see:
1.The 100 D SMA just brokedown through the Ichimoku
2. The 21 D is fast approaching the 200 D
3. A false indication from the MACD
The triangle breakdown we experienced two weeks ago still has room to depreciate to the max low of around 5408.
Let me know your thoughts. For now, I've got my shorts on and it's gettin' cold....
1.The 100 D SMA just brokedown through the Ichimoku
2. The 21 D is fast approaching the 200 D
3. A false indication from the MACD
The triangle breakdown we experienced two weeks ago still has room to depreciate to the max low of around 5408.
Let me know your thoughts. For now, I've got my shorts on and it's gettin' cold....