It’s been over three months since the alert. Last time the monthly MACD cross happened in 2019 and $BTC lost 50% of its value in the following 7 months. This time, the MACD magnitude is way higher. If this time #Bitcoin “plans” to lose 50%, it would find itself around $21k. Buckle up!
Let’s have a look at the monthly candle and other signals.
This BITCOIN overview discusses:
– candle charts and corresponding technical events for BTC;
– a classical pattern with the target;
– short and long term EW perspectives for BTC.
Previous BITCOIN Weekly (link)
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