Everything has its cycle, and this is Bitcoin's cycle.
It has three EMAs: the 7 EMA, the 25 EMA, and the 99 EMA.
On the monthly chart, Bitcoin has topped both EMAs, and now it's trading below the 25 EMA, looking to hit the 99 EMA.
It needs to touch it soon; otherwise, it’s headed for the $40,000 mark.
What does that mean? Opportunity to buy cheap!
What to do? Go short and sit back, waiting for the dip to scoop up some cheap BTC.
Or create a tiered buying plan since it’s already at a low price.
#btc $BTC
It has three EMAs: the 7 EMA, the 25 EMA, and the 99 EMA.
On the monthly chart, Bitcoin has topped both EMAs, and now it's trading below the 25 EMA, looking to hit the 99 EMA.
It needs to touch it soon; otherwise, it’s headed for the $40,000 mark.
What does that mean? Opportunity to buy cheap!
What to do? Go short and sit back, waiting for the dip to scoop up some cheap BTC.
Or create a tiered buying plan since it’s already at a low price.
#btc $BTC