TradingShot
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BITCOIN Why nobody talks about this??
That was the last indicator standing and now it is as clear as it can get. With last month's candle close, Bitcoin (BTCUSD) has confirmed that it has already started a new Bear Cycle.
The reason is simple and it is one of the most basic trading indicators out there. The 1M MACD was already on a Bearish Cross since October, and November's closing widened the gap to such extent that it is not recoverable anymore.
This has happened every time during a BTC Bear Cycle and in two of the past three cases, it took place while already on the Bear Cycle. History has shown that there is no coming back from this and BTC should start looking for the 1M MA50 (blue trend-line) - 1M MA100 (green trend-line) Zone. If all the Bear Cycle indicators we've shown on analyses since September were early signs, the MACD is conclusive and as mentioned, has confirmed it.
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#BTC $BTC #bitcoin #BTCUSDT #BTCUSD #signals
The reason is simple and it is one of the most basic trading indicators out there. The 1M MACD was already on a Bearish Cross since October, and November's closing widened the gap to such extent that it is not recoverable anymore.
This has happened every time during a BTC Bear Cycle and in two of the past three cases, it took place while already on the Bear Cycle. History has shown that there is no coming back from this and BTC should start looking for the 1M MA50 (blue trend-line) - 1M MA100 (green trend-line) Zone. If all the Bear Cycle indicators we've shown on analyses since September were early signs, the MACD is conclusive and as mentioned, has confirmed it.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
#BTC $BTC #bitcoin #BTCUSDT #BTCUSD #signals
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