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pmehdipour13
Sep 14, 2021 12:17 PM

important analysis on BTC weekly chart Short

Bitcoin / U.S. dollarBitstamp

Description

every time that EMA 50 goes below the MA 50 on weekly chart , a massive correction ( 60% _ 70%) starts from the next candle . as you can see this time with a 60% correction btc can reach 20k which is a nice pullback to 2018 and the bottom of its ascending channel . watch the related idea below for more information
Comments
tvoct2020
Great observation, I will add EMA 50 and MA 50 on my chart, seems awesome for long-term analysis.
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