Its very quiet the last couple of days in Crypto "land", too quiet!! The Corona virus is spreading, 2.5bn people around the globe are in lockdown, 80% of the global economy is on hold, countries all around the world are pumping billion of dollars into the economy to save the system, millions of people loss there jobs...AND WallStreet is pumping the last couple of days. Insane!
Last week I published the idea that the 20ema will cross down the 55ema on the weekly chart. When you look at the chart this only happend in october 2018 and BTC went from $6000 region to the bottom of $3122 in december 2018. If we look at the chart we are only a couple of days away from the 20ema crosses the 55ema. Also the Bearish Flag Pattern is in play
Today also came the news that the Hashrate of BTC decreased alsmost 50% of its ATH. This also a bad sign for BTC.
I know one thing for sure, something is going to happen in the short term. Personally I think a big dump.
Let me know what you think and tumbs up when you like the idea....
Good luck everyone!
Last week I published the idea that the 20ema will cross down the 55ema on the weekly chart. When you look at the chart this only happend in october 2018 and BTC went from $6000 region to the bottom of $3122 in december 2018. If we look at the chart we are only a couple of days away from the 20ema crosses the 55ema. Also the Bearish Flag Pattern is in play
Today also came the news that the Hashrate of BTC decreased alsmost 50% of its ATH. This also a bad sign for BTC.
I know one thing for sure, something is going to happen in the short term. Personally I think a big dump.
Let me know what you think and tumbs up when you like the idea....
Good luck everyone!