Bitcoin

Quick Bitcoin Daily SMa update - PA getting rejected

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As you can se, PA is getting rejected off the 50 SMA ( red)

If this rejection is confirmed, this could create a double Top and may push PA back down to create a Lower Low.
Watch this closely, it could turn if the bulls step in.
Just be Very cautious right now.

oshorter term 4 hour MACD is showing us that MACD did cross above the signal line however, this could turn down quickly as it did over on the left of the chart

Caution is advisable

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