cryptohunt42

BTCUSD EMA 20 vs EMA 55

Long
COINBASE:BTCUSD   Bitcoin
Bitcoin hasn't really been doing much lately since the big pump and the big drop, but we are still in an upwards trend. I will be chilling on my BTC long position until the EMA 20 and EMA 55 switch spots, meaning that the redline will be on top and the yellow line will be on the bottom. From looking at past price action it seems pretty clear that when and if this happens we will go into a downwards trend. But for now, the short term EMA's are looking pretty solid
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.