TradingView
tired_man_willis
May 26, 2020 11:12 PM

Bitcoin Update on the Daily 

Bitcoin / U.S. dollarBitstamp

Description

Still waiting to see what happens when the 25 and 50 EMA catch up to each other on the Daily. The 25 EMA on the Weekly is around $8130 so I'm taking a guess that by the time the 25 and 50 EMA catchup it'll be in the $8250 range.
Last time they crossed after a pull-back we had a big sell-off. That's honestly the outcome I've been waiting on as I still believe we'll have another leg done as I've mentioned in my previous analysis.

Bull Volume is non-existent with no strong signals or indicators that we are done with the bear move.

Sometimes the best trade is the one you don't make. I'm all cash.
More