Ed-Holmes

BTCUSD End of a long term trend?

Short
BITFINEX:BTCUSD   Bitcoin
(1) Looks like the the buyers of the physical coin ( Not derivative ) has dried up.
(2) The 100 Day SMA has not crossed above the 200 Day SMA *Note - The 100 Day SMA has NOT been below the 200 Day SMA since 2017.
(3) The current peak has hit the top of the long term trend lines ( Weekly chart )

*The only thing that would change this view is a break above the top trend line
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.