WEEKLY EMAs Your Long or Short Signal!!!
Greetings all,
Bitcoin is in a dangerous situation and this week will be very critical for the whole crypto Market in my opinion.
We close yesterday below 21 EMA. This is a big bearish signal for a possible bear market cycle.
This week is very critical because in my opinion we will see Bitcoin to Retest the 21 EMA at the area between 51500 - 52500.
If we close above this area, the the hopes for bull market continuation are reborn.
If we close below this area then we have strong bear market cycle signal.
I need to mentioned that a possible failing retest of 21 EMA, automatically it activates and the probability of a huge Head and
Shoulders Pattern. Breaking the neckline of this pattern then we will know the bear market cycle target which is around 13000.
We remain out of market and we wait the retest of 21 EMA for now.
Your comments are appreciated.
Have a nice day and good luck with your choices.
Bitcoin is in a dangerous situation and this week will be very critical for the whole crypto Market in my opinion.
We close yesterday below 21 EMA. This is a big bearish signal for a possible bear market cycle.
This week is very critical because in my opinion we will see Bitcoin to Retest the 21 EMA at the area between 51500 - 52500.
If we close above this area, the the hopes for bull market continuation are reborn.
If we close below this area then we have strong bear market cycle signal.
I need to mentioned that a possible failing retest of 21 EMA, automatically it activates and the probability of a huge Head and
Shoulders Pattern. Breaking the neckline of this pattern then we will know the bear market cycle target which is around 13000.
We remain out of market and we wait the retest of 21 EMA for now.
Your comments are appreciated.
Have a nice day and good luck with your choices.