BTC: Is It Time To Be Worried? (Long term analysis)

Hello All,

IS it time to be worried? The Log MACD signaled its first bearish cross since $10k. Each major cross above the .25 value on the MACD has resulted in a minimum -40% pullback.

To make this scenario more valid, there is a trend line that has been lowering over the years as each MACD top is lower although price is higher. This trend has 4 touches on it and BTC just experienced one.

Please secure gains in this market. It can turn bear before you know it.

Thanks!

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Comment:

Top was signaled at 62k! Hope all of you benefited. LMACD doesnt lie!