Bitcoin has held the 128d MA for a little time. But bitcoin didn't see a bounce or much volume on that level. Right now we are under the 128d MA on the hourly timeframe, on 13may the deathcross has been formed and there is also a possible bearflag forming wich is a bearish pattern .
I'm looking at the support zone between 45-42K if it closes...
During a BTC Bull Market, that is, the current market, BTC uses the 128 day moving average as a support. I feel like a lot of traders are feeling short term bearish when they absolutely shouldn't. Descending Triangle...I get it. But last year's descending trial which broke mega bear was during a bull market.
Heres some food for thought. Although a descending...
