Zooming out and looking at the bigger picture, here we are looking for patterns to see what the current trend could be telling us. 👀
BTC is currently elbowed at a cross way hitting resistance of our outer downtrend, the 100 EMA and trendline marked in red!
The last time the 21 crossed the 50 Moving Average, price shortly topped the retraced back to our 21 and 50 moving averages before bouncing as it did in 2021!
Could we see a repeat of this patter or something different? As always BTC will can always do the unexpected!
Keep in mind, there is also another pattern with our daily Golden Cross looming! 👀