IS it time to be worried? The Log MACD signaled its first bearish cross since 10k. Each major cross above the .25 value on the MACD has resulted in a minimum -40% pullback.
To make this scenario more valid, there is a trend line that has been lowering over the years as each MACD top is lower although price is higher. This trend has 4 touches on it and BTC just experienced one.
Please secure gains in this market. It can turn bear before you know it.
Thanks!
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Top was signaled at 62k! Hope all of you benefited. LMACD doesnt lie!