Cryptolover333

BTC in a critical week

COINBASE:BTCUSD   Bitcoin
We have closed bellow the 50 Week EMA and also the 50 MA lines, the 50 EMA have been always acting as a strong support with the body before and never closed bellow in this market and now they could act as a resistance, prices could drop even more from here, we also lost a strong support there and we are now bellow too so we need to be above them lines to look good again, things are looking bad right now.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.