BITCOIN ( what is really happening )
Exponential Moving average 50 - Orange line
We can see that a red candlestick is almost touching the white middle horizontal resistance line. The lower part of the bollinger band is crossing the exponential moving average 50. Looks bearish. However, I gave an alert previously 1-2 days ago to sell it when it reached 7600. It was very overbought. Now this is for education purposes only, if the price goes below the resistance white line and below the 50 exponential moving average, then you can sell. Only if this happens, then you can short once again.
We can see that a red candlestick is almost touching the white middle horizontal resistance line. The lower part of the bollinger band is crossing the exponential moving average 50. Looks bearish. However, I gave an alert previously 1-2 days ago to sell it when it reached 7600. It was very overbought. Now this is for education purposes only, if the price goes below the resistance white line and below the 50 exponential moving average, then you can sell. Only if this happens, then you can short once again.
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