๐Ÿ”ฅ Bitcoin Halving - Sell The News Signal

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Normally I don't look that much at moving averages because they are largely lagging indicators. However, sometimes the indicator shows a strong divergence.

As seen on the chart, the 200 EMA has offered strong support on the way up, but has now caused a strong rejection, making way for the bears to push the price further down.

Like mentioned in the analysis below, there's a chance that the Halving will be a sell-the-news event, especially since we had a new all-time high for the first time ever before the halving.

๐Ÿ”ฅ Bitcoin Halving Next Week! Sell The News Alarm ๐Ÿšจ
๋…ธํŠธ
Likely going to retest the dump's low. If this support fails, expect a lot of selling.
์Šค๋ƒ…์ƒท
๋…ธํŠธ
Retested the yellow support on the chart above. It can get scary from here.
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