ðĨ Bitcoin Weekly MACD Signaling DUMP: Bears Want This!
The weekly MACD is about to cross, where the fast blue line crosses the slow orange line from above. The last 3 times this has happened, a large correction happened and a bearish longer term trend has been established.
At the moment, the MACD is about to cross. While we're not there yet, a drop of a few percent will most likely cause the lines to cross. Also, remember to wait for the candle close.
If the cross will happen this week, we should be prepared for a longer term trend reversal, potentially even targeting 20k or below. On the other hand, it will be a very bullish indication if the correction remains small.
Do you think we're going to dump? Is the 2023 top in? Share your thoughts below ð
At the moment, the MACD is about to cross. While we're not there yet, a drop of a few percent will most likely cause the lines to cross. Also, remember to wait for the candle close.
If the cross will happen this week, we should be prepared for a longer term trend reversal, potentially even targeting 20k or below. On the other hand, it will be a very bullish indication if the correction remains small.
Do you think we're going to dump? Is the 2023 top in? Share your thoughts below ð
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