For the first time in trading history, Bitcoin will close under 50MA on 1-month chart.
This is besides death cross on the 1 week chart.
Again and again, I urge those who are in love with 1-4 hour charts to watch the larger timeframes.
Unique events are happening and we can see that they are having an impact.
Who's to say how long the bear market will take now with an event like this?
We can only hope that 2024 brings some improvement.
And I really regret that Circle kept some of the currency collateral in that bank.
This is besides death cross on the 1 week chart.
Again and again, I urge those who are in love with 1-4 hour charts to watch the larger timeframes.
Unique events are happening and we can see that they are having an impact.
Who's to say how long the bear market will take now with an event like this?
We can only hope that 2024 brings some improvement.
And I really regret that Circle kept some of the currency collateral in that bank.
What I meant was that we have a close under 50MA
with a retest on monthly chart.
That is all it takes to say, now price will be some
way below that line for many months.
It was rightly pointed out to me that this
is not the first candle under MA50.
Yes, that's right. But now with ironclad proof,
doubt is over. We just have to wait until April 1.
I don't believe it will pop out over the top.
The weekly pattern won't allow it to.
And it can't be seen on the 4H chart.