I just noticed the the 20 EMA serves as a good indicator for the short term bearish move we are seeing...
The dead cat bounces seem to bounce of off the 20 EMA line...
So you can use this indicator to check and see if there is a reversal or if it is just a fake bounce...
I am also looking at ADA and ADA seems to mimic BTC for the moment, so unless we see BTC move up above the 20 EMA on the 15 min chart the bears are in control...
Hope this helps in your short term trading...
Have a good day.
Remember moon has 1/6 th the gravity of earth... Pack heavy.
The dead cat bounces seem to bounce of off the 20 EMA line...
So you can use this indicator to check and see if there is a reversal or if it is just a fake bounce...
I am also looking at ADA and ADA seems to mimic BTC for the moment, so unless we see BTC move up above the 20 EMA on the 15 min chart the bears are in control...
Hope this helps in your short term trading...
Have a good day.
Remember moon has 1/6 th the gravity of earth... Pack heavy.
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