Bitcoin: Buy and Sell Signals
"So, when we get a 20-day EMA breakout, that'll be a long potential. Right now, we have not had that. So, these 20-day EMA retests like we had here on June 15, 16th and we had here yesterday on June 22nd end up being shorting events. Very simply, that's it."
ℹ️ In shortThe author explains that Bitcoin breaking above its 20-day Exponential Moving Average (EMA) is a buy signal, while failing to do so is a sell signal.
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… Hey guys, Bitcoin only went down two and a half%. Winning, winning. Oh my gosh. Anyway, Bitcoin once again rejected here at 20-day EMA. We were talking about this yesterday. We wanted to see some actual strength be shown here by BTC. And yet, of course, once again, standard situation, rejection from the 20-day EMA. So, when we get a 20-day EMA breakout, that'll be a long potential. Right now, we have not had that. So, these 20-day EMA retests like we had here on June 15, 16th and we had here yesterday on June 22nd end up being shorting events. Very simply, that's it. That's it. That's where we are right now. We retested this bearish retest, by the way, on the bare flag and a bearish rejection at the 20-day EMA. Surprise, surprise. We're in a bare market. Bitcoin magazine, Bitcoin performing the strongest it ever has during a bare market in its history. Either strange outperformance by BTC or we are in for some …
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