Whilst structurally the Bull Market is still intact, Bitcoin has just flashed a strong short signal on the Weekly Chart, among a backdrop of yet more global Lockdown's with increasingly levels of social angst and unrest against government vaxx mandates and restrictions.
Erm.."Winter is Coming"
Technically, We have a strong close within the 5Ema Bands against a backdrop of MACD and RSI divergence, after a very weak break out (fake out) of previous high. It is not a good look when a market does that and then quickly retreats.
Short!
Erm.."Winter is Coming"
Technically, We have a strong close within the 5Ema Bands against a backdrop of MACD and RSI divergence, after a very weak break out (fake out) of previous high. It is not a good look when a market does that and then quickly retreats.
Short!