Get started
wizardfromspace

BTC USD Weekly Timeframe, Revisit 20EMA levels on the table?

Bitcoin (COINBASE:BTCUSD)  
wizardfromspace  
COINBASE:BTCUSD   Bitcoin
Trend Lines Moving Averages Bitcoin (Cryptocurrency) BTCUSD BTCUSDT bitcoinprice btc_usd bitcoinforecast bitcoindollar Cryptocurrency cryptotrading
1
0
trendline movingaverage bitcoin btcusd btcusdt bitcoinprice btc_usd bitcoinforecast bitcoindollar cryptocurrency cryptotrading
Failure to reclaim 57k even with bullish news such as Venmo integration doesn't look good. Wouldn't be surprised to see BTC bleed down to the 20EMA levels such as 43-45k over the coming weeks before seeing a strong reversal. I've started to act accordingly and reduced exposure, hoping to be wrong, but it would be stupid to ignore the red flags. Market doesn't make much sense right now with all these meme coins pumping (DOGE, SAFEMOON etc...)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.