BTC Weekly 20/50ema Bearish Crossover - It Could Get Interesting

BTCUSD

watching the weekly emas at these levels. the 20/50emas are getting close to a bearish crossover. this has only happened 2 other times since 2015 (coinbase) as im showing in the chart the past 2 times have been after the 20k aths 2017/2018 and at covid in 2020. not saying this will happen but just something to keep eyes on. other weekly indicators are setup as well are the daily...giving off mixed signals. currently 1480usd separates the weekly 20(red) and the weekly 50ema(white

Something to watch

My publishing has slowed since I entered the NFT space. I will pick back up with the publishing


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Good luck, happy trading and stay chill,
2degreez

Comment:

it was pointed out to me by Matthew Hyland @MatthewHyland_ on twitter that the covid weekly 20/50 was a lagging indicator and if we used that indicator we would have missed the run up.

thanks for pointing that out matt, good call.