Bitcoin - It's showtime, watch this!
So this charade has gone long enough, BTC can not keep ranging for too long it is not its style so it has to make a decision very soon. These are the signs we are looking at to get hints about where we are headed.
1. While on a range BTC keeps violating up trendlines which is a sign of going down.
2. The 20MA (The thin green line) is now moving down toward the 200MA.
3. Volume is gradually getting lower.
4. We are making lower highs
5. We are constantly testing out the 200MA for better or worse.
There are just too many signs telling us to stay away for now.
THE TREND: Sideways with strong hints of going down
THE OUTLOOK: Very Unsafe, stay out.
Be safe and follow me to stay ahead of the curve.
1. While on a range BTC keeps violating up trendlines which is a sign of going down.
2. The 20MA (The thin green line) is now moving down toward the 200MA.
3. Volume is gradually getting lower.
4. We are making lower highs
5. We are constantly testing out the 200MA for better or worse.
There are just too many signs telling us to stay away for now.
THE TREND: Sideways with strong hints of going down
THE OUTLOOK: Very Unsafe, stay out.
Be safe and follow me to stay ahead of the curve.
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