The indicator used in the chart is Williams Alligator.
Every time the green line of Williams alligator crossed the blue and red line downwards, we entered a bear market. There were several bounces each time but BTC had to find its last line of support at 220MA.
This time we also have a bearish cross on the Williams indicator.
Let's wait and watch for now. I strongly believe, which is also shown in the last 2 ideas I published today, that we will have to visit 200MA by the end of this year before the next big rally.
I'm keeping my charts simple because this is the way I like it.
Every time the green line of Williams alligator crossed the blue and red line downwards, we entered a bear market. There were several bounces each time but BTC had to find its last line of support at 220MA.
This time we also have a bearish cross on the Williams indicator.
Let's wait and watch for now. I strongly believe, which is also shown in the last 2 ideas I published today, that we will have to visit 200MA by the end of this year before the next big rally.
I'm keeping my charts simple because this is the way I like it.