BITCOIN WEEKLY ANALYSISHello Traders! BTCUSD has been on my mind all weekend. Longing for the Long opportunity to the MOON. :)
For now, Bitcoin is currently testing a Strong Local Resistance Level. Proceeding th elast weeks of July, price rose above weekly resistance & completely ignored thoughts of a pullback. I think price could have trouble at the current level its at now, because it already failed to cleanly break above it twice. The Volume Oscillator has diverged from current Price trend. Which predicts possible downtrend following the Divergence rules. Awaiting for any possible confirmations.
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Bitcoinweekly
Anytime 50 Weekly MA did this brought a huge crash (Must see!)Hey everyone,
Recently I've been only focusing on the macro-level perspective mainly on the weekly chart. This one is very interesting...
Take a look at the 50 Weekly Moving average . Anytime it goes down pulls the price down too. It hasn't happened very often and when it did in 2014 and 2018, massive price dumps followed.
It seems like today, 50 Weekly MA is pointing down and getting ready for a downward movement. If it goes down do you think the history will repeat? Please let me know your thoughts by leaving your comments below.
Please also take a look at my recent weekly analysis regarding my bearish view.

