BTC is going down - EMA 9 crossed EMA 20
Hi Traders,
its clear that the trend is now bearish. Just look at the 3 last times EMA 9 crossed EMA 20 on the Daily Time Frame.
The least it dropped is 24% in 10 days.
It would lead us to 7200$.
Simple as that! Trend is your friend.
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its clear that the trend is now bearish. Just look at the 3 last times EMA 9 crossed EMA 20 on the Daily Time Frame.
The least it dropped is 24% in 10 days.
It would lead us to 7200$.
Simple as that! Trend is your friend.
-----------------------------------------------------------------------------------------------
If you like the analysis, feel free to share!
Don't forget to like and follow our channel.
Telegram channel for constant trading analysis and tips : tfoccryptotrading
Comment:
For the idea to work, it would mean that EMA 9 is now a resistance. Can't see how a lot of traders are bullish right now. Maybe they are too focused on small time frame.