BTC could see a Dip below $20K and here is why. the A/D on the 2 week freq is failing to recover above 0. Na dthe Price of BTC is close if not breaking down to be below 100 MA, and 500 MA in the 2 week freq. Comparing across the history of BTC we can see that BTC has been here before. Key time period to consider is 2012 to 2013. mid 2015 to mid 2017. 2019 to present day. MA's asssigned to the A/D line is 9 MA(pink), and 22 MA (blue). MA's assigned to BTC price are 100 MA(Yellow) and 500 MA( Green)
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Here is an correction update to this idea. The MA attached to the price of BTC is incorrectly identified as 100 MA(Yellow), and 500 MA (Green). The correct MA frequency is 50 MA (Yellow), 100 MA (Green).
