Bitcoin Thoughts - Stay grounded (for now)
On this chart I have over laid the Bull Market support band with the 50SMA on the weekly timeframe. As you can see, 21EMA has already crossed to the downside and the 20SMA is less than $100 from also crossing down!!
21EMA - $46,209
50SMA - $46,140
20SMA - $43,460
It is possible there is a Summer Pump to the upside, possibly even just above the Bull Market support band and then the severe capitulation. Please be prepared!!
Note what has happened in the past when the Bull Market support band crosses below the 50SMA 👀
On this chart I have over laid the Bull Market support band with the 50SMA on the weekly timeframe. As you can see, 21EMA has already crossed to the downside and the 20SMA is less than $100 from also crossing down!!
21EMA - $46,209
50SMA - $46,140
20SMA - $43,460
It is possible there is a Summer Pump to the upside, possibly even just above the Bull Market support band and then the severe capitulation. Please be prepared!!
Note what has happened in the past when the Bull Market support band crosses below the 50SMA 👀