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wizardfromspace
Apr 21, 2021 9:31 AM

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

Bitcoin / United States DollarCoinbase

Description

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...)
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