Bitcoin Price drop incomming - EMA cross and sell signal on MACD
You can see here on the chart for Bitcoin/USDT perp on Bybit that the price should go down, an EMA cross is imminent and a sell signal has shown on the MACD indicator below as well.
The FATs indicator (Fib auto trend scouter) shows various entry and exit positions here, with it suggesting a potential outlying move down to 18.6K.
Yesterday also SkyrexTrading posted an analysis suggesting a drop to 12.5K incoming based their analysis of the 1D timeframe of the BTCUSDT chart of the WhiteBit exchange with trading chaos approach where we have already wave 3 of the bear market.
"Now the market is forming the wave 5 and waves 1 and 2 have been already ended. 1.61 Fibonacci level is located at $12500. I anticipate local pump to $20800, there I am going to close almost all my positions because I am sure that after that we are going to see the huge crash without any bounce to $12500. After that the local accumulation (waves 4 and 5) are anticipated and there will be the guaranteed bottom."
The FATs indicator (Fib auto trend scouter) shows various entry and exit positions here, with it suggesting a potential outlying move down to 18.6K.
Yesterday also SkyrexTrading posted an analysis suggesting a drop to 12.5K incoming based their analysis of the 1D timeframe of the BTCUSDT chart of the WhiteBit exchange with trading chaos approach where we have already wave 3 of the bear market.
"Now the market is forming the wave 5 and waves 1 and 2 have been already ended. 1.61 Fibonacci level is located at $12500. I anticipate local pump to $20800, there I am going to close almost all my positions because I am sure that after that we are going to see the huge crash without any bounce to $12500. After that the local accumulation (waves 4 and 5) are anticipated and there will be the guaranteed bottom."
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