This move has been in the making since late November and recently we are getting additional confirmations from the charts.
Here we are looking at Bitcoin Daily and we can see prices moving below EMA10...
EMA10 has been holding strong for the entire bull-run but now it is starting to fail.
Since EMA21 ($18300) has already been tested, as I mentioned before, the next support to be challenged right below it is EMA50 which is now sitting at $16,500+.
We can also see divergence with both the and after the late November move... Remember that these signals become stronger when it shows up on both indicators.
Confirmation is also coming on the weekly chart.
Check back for my Bitcoin Weekly analysis update.
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It would be unwise to make a trading decision based on a headline or single article.
All the information that I share here is intended only for your own learning and/or entertainment.
We are all adults here.
Thanks a lot for your amazing support.
This is in no way any trading advice.
This is just me reading the chart.
Whatever you make of this, it is not my problem.
You are responsible for your own actions, please keep that in mind before selling your house.
I fail to understand why people take your ideas so seriously? those are your thoughts, your point of views., they could work out sometimes and sometimes they don't., why cant people just take it as an education to learn the patterns rather than pouring useless emotions on your thoughts as if you're responsible. I feel sorry for those cheap mindsets why blame you for their actions.,
people should feel lucky to have you., who's able to decode things in a much simpler way to learn about this space and for FREE most of your ideas. at least i am lucky to know you, I learned a lot. thanks,
I fully support you, Namaste , take care friend., breathe in and breathe out. peace
These people, some are just hurt and looking for someone to blame.
Some have an open trade and believe that I am making them lose money.
Some have vested interests... Many are jealous.
Others made a mistake and can't take responsibility for their own actions.
There are many reasons but this is only them...
We do give them some energy for entertainment and to make things clear but the majority, 95%+, know pretty well that this is educational content that should be used as a tool for whatever they want.
Thanks again for your support.
Again, no worries you will survive.