BTC has 2 months to flip this dangerous pattern
In June 2014, the price was under the 200 day moving average and the MACD line rose from a dip to reach the orange signal line, after that there was 60 days of sideways movement and no definitive breach of 200 day MA and then the price crashed 75%.
Right now, we are in a similar situation. The price is around the 200 day MA and MACD has reached the signal line. If there is no clear breakout of the 2000 day MA in the next two months, we could see this pattern repeated.
Right now, we are in a similar situation. The price is around the 200 day MA and MACD has reached the signal line. If there is no clear breakout of the 2000 day MA in the next two months, we could see this pattern repeated.
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