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BTC Trend Analysis
Bearish crossover of 20 & 50 WMA happened already.
Historical crossovers show 54% decline from the week of crossover.
Big volume dump at second instance is due to pandemic.
I don't think 54% dump possible this time.
Logically BTC is twice as volatile as Nasdaq and if it corrects 17-18%,
then BTC can correct almost 35% to 30,000 level approx.
Historical crossovers show 54% decline from the week of crossover.
Big volume dump at second instance is due to pandemic.
I don't think 54% dump possible this time.
Logically BTC is twice as volatile as Nasdaq and if it corrects 17-18%,
then BTC can correct almost 35% to 30,000 level approx.
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