A sell signal activated using the MACD on my favorite 2 Day Chart. Could we see Bitcoin going back to 6800 in the next few days/week?
Currently, I do believe the moving averages will act as strong support and we would not see Bitcoin falling to 6800.
HOWEVER, the sell signal on the MACD should not be ignored because other indicator such as RSI and DMI are supporting this SELL signal.
Currently, I do believe the moving averages will act as strong support and we would not see Bitcoin falling to 6800.
HOWEVER, the sell signal on the MACD should not be ignored because other indicator such as RSI and DMI are supporting this SELL signal.
Comment:
Bitcoin has dropped 300 points since this post went live. We do not want Bitcoin to fall below 8500. If that happens, it is more likely we are heading to 6800...