BTC downtrend staring you in the face. Accept it.

22 thg 5, 2021

I'm sure there will be tons of people in complete denial claiming we are still in a bull market. The chart that I'm seeing shows nothing remotely close bullish. The pattern its planted over the last 3 months is known as a wyckoff distribution channel. One wouldn't even need to know that based on the fact its had this rolling over appearance anyways. The Weekly MACD crossed bearish. Clear sign of it. Tomorrow we close a week below the 21MA. What I'm watching for is BTC to use the 21MA (white) and 50MA (red) as support and resistance for the time being.