So the MACD on Monthly blinked Red for the first time for 
BTC after Jul 1 2018 and Feb 1, 2020
In both cases, the price dropped around 60% from the moment it occurred - right down to the previous ATHs.
Closing the month in red like this, below $38.500 would validate this signal and most likely continue downwards in a correction wave with relief bounces.
Given this scenario, the bottom line of defense is $19.500-20.000, just where the MA 200 lies and exactly where the previous ATH was.
Remember, this ATH was never tested as support, it just shot through it like a rocket and never went back - and BTC <3 testing old resistances and flipping them to support.
Personally, I’ will stay in stables unless the MACD is invalidated which would mean bulls are taking over.
BTC after Jul 1 2018 and Feb 1, 2020In both cases, the price dropped around 60% from the moment it occurred - right down to the previous ATHs.
Closing the month in red like this, below $38.500 would validate this signal and most likely continue downwards in a correction wave with relief bounces.
Given this scenario, the bottom line of defense is $19.500-20.000, just where the MA 200 lies and exactly where the previous ATH was.
Remember, this ATH was never tested as support, it just shot through it like a rocket and never went back - and BTC <3 testing old resistances and flipping them to support.
Personally, I’ will stay in stables unless the MACD is invalidated which would mean bulls are taking over.
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.