It’s been three painful months since #BTC monthly MACD crossed its signal line. Last time it happened in 2019 and BTC lost 50% of its value in the following 7 months. This time 3 months already passed. Is it now time to accelerate down and catch up with the path in 2019?
Note that this time the magnitude is way higher and if BTC “decides” to follow the path of 2019, it might end up around $20k. Sounds impossible? Let’s have a look at the signals.
This BITCOIN overview discusses:
– candle charts and corresponding technical events for BTC;
– short and long term EW forecasts for BTC.
The update below is part of the Weekly Series – US Indices, Cryptocurrencies, Commodities, Currency, Large Cap stocks – that can be viewed here.
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