MoneyPatterns
Long

Reversal - Not Bear Flag - Weekly EMA Ribbon

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Weekly EMA ribbon shows that we have never gone below red line in bull market. Either $7700 is the ultimate bottom, or we break that and enter bear market for several months.
In my opinion, this is big money trying to cause individual investors to sell low. They are stealing your bitcoin .
We are entering a reversal in next 2 weeks.
Credit to BitFink and TheMoon (YouTube).

The question:
Are we more likely to go up from here?
OR
Go down - pre-halving roughly 6 months away, stock to flow going to 50, number of bitcoin wallets holding over 1k BTC increasing as price goes down, negative interest worldwide, qualitative easing, etc......?

I think we go up. I appreciate when others more knowledgeable than myself give feedback - agree or disagree. Thanks.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out