RACEACEACE BTCUSD BITCOIN XBTUSD WATCH
BIG WARNING: BITCOIN MAY BE F#####. THIS IS A WARNING TO EVERYONE WHO THINKS THE BOTTOM IS IN. IT MAY NOT BE IN. IF THE MARKET GETS ATTACKED WITH FUD, I BELIEVE THIS SCENARIO IS MORE LIKELY TO PLAY OUT. BE ON YOUR GUARDS. HERE IT IS:
On the 4 hour, when the EMA 287 (white) and TEMA 1000 (red) cross, it is either a bullish or a bearish cross. Each time the price sinks below the EMA 287 while this EMA 287 is above the TEMA 1000, the price TANKS DOWNWARDS. The bullish cross has already taken place and the price responded by moving up. However, the EMA 287 is currently at 7550ish. If the EMA 287 (7550ish today) breaks as support, the price may tank as it did the last time there was an identical setup (bullish cross, but failure to sustain bullish momentum) in May 2018. That started the decline to the bottom in the 3k’s. This same pattern could repeat and either give a massive quick dump down or gradual dump over a larger period of time as it did in 2018.
Another BEAR CROSS would spell DOOM for Bitcoin.
I previously thought the bear cross had happened, but it was followed by the recent bullish cross. Another bear cross would be devastating to the bulls.
Despite the bull / bear controversy, I am still average cost buying SPOT bitcoin.
On the 4 hour, when the EMA 287 (white) and TEMA 1000 (red) cross, it is either a bullish or a bearish cross. Each time the price sinks below the EMA 287 while this EMA 287 is above the TEMA 1000, the price TANKS DOWNWARDS. The bullish cross has already taken place and the price responded by moving up. However, the EMA 287 is currently at 7550ish. If the EMA 287 (7550ish today) breaks as support, the price may tank as it did the last time there was an identical setup (bullish cross, but failure to sustain bullish momentum) in May 2018. That started the decline to the bottom in the 3k’s. This same pattern could repeat and either give a massive quick dump down or gradual dump over a larger period of time as it did in 2018.
Another BEAR CROSS would spell DOOM for Bitcoin.
I previously thought the bear cross had happened, but it was followed by the recent bullish cross. Another bear cross would be devastating to the bulls.
Despite the bull / bear controversy, I am still average cost buying SPOT bitcoin.
Nota
REMINDER: THIS IS A 4 HOUR CHART. THE PRICE CAN STILL MOVE UP ON A LOWER T.F
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.