I have seen this drop since August 2019.
Keep it in mind. When we have a dead cross and the daily 200 MA starts to slope down, we are in a bear market for at least 1 or 2 years.
The daily 200 MA will keep the price down until it reaches the bottom.
The bottom that I posted in November, 2018 may be reached in 2020.
Keep your eyes on the weekly 21 EMA and the weekly 200 MA.
Keep your eyes on LTC. It is BTC's leading indicator. That's all I want to say. Protect your money and good luck.
***Disclaimer: This is a technical analysis not a financial advice.
Keep it in mind. When we have a dead cross and the daily 200 MA starts to slope down, we are in a bear market for at least 1 or 2 years.
The daily 200 MA will keep the price down until it reaches the bottom.
The bottom that I posted in November, 2018 may be reached in 2020.
Keep your eyes on the weekly 21 EMA and the weekly 200 MA.
Keep your eyes on LTC. It is BTC's leading indicator. That's all I want to say. Protect your money and good luck.
***Disclaimer: This is a technical analysis not a financial advice.
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DON'T FORGET. This scenario is still in play. Just be careful!
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Notice the MACD
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Look at the price of bitcoin got rejected from the declined daily 200 MA in the past.
2015
2018
2020: if the history repeats itself. 60%-70% drop from the rejected point. We may have double bottom at 3K
2015
2018
2020: if the history repeats itself. 60%-70% drop from the rejected point. We may have double bottom at 3K
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Flash crash has occurred for ETH. This happened only on Karen. What does this tell us?????
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Flash crash in Septembet 2018 for ETH (Kraren)
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RSI - 1 HR Chart
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