Monthly momentum might cause BTC to roll over

2021년 9월 8일

As you can see we are getting a MACD cross on the monthly chart. The chart looks similar to 2017, but if you look closely at the weekly chart now compared to 2017, they are different. We printed a MACD cross on the weekly, which never happened in 2017. It is possible for the current MACD cross to be a fake-out bull trap, but it is too early to say until it crosses back down again + breakage of structure. I am neutral here until we get a resolution.