Hey, fellow investors! Recently, the price of BTC has retreated more than 18% from its one-month high. Don’t worry, let me explain the secrets behind it and use some PRO-level signals to help you take the initiative in the market!
1. Coinbase main force shipped at high level
First of all, the big players on Coinbase are not vegetarians! They sold 19.47 million US dollars at a high level, and this wave of operations lasted for more than 8 hours, with a single transaction amount of more than 2.5 million US dollars. When big players sell, we small investors should be alert.
2. MACD top divergence
On the 45-minute periodic chart, MACD formed a top divergence signal. What is a top divergence? Simply put, the MACD indicator and the price trend are inconsistent, which is an early warning signal that the market is about to reverse. So, when you see this signal, you should know what to do.
3. Price crosses below MA120
When the BTC price fell below the MA120 moving average, it rebounded several times but failed to stabilize. This is like the embarrassing situation where you tried to climb onto the sofa many times but were bounced back. The rebound was weak and the market was weak.
Current situation: Fluctuating below EMA52 and MA120
Currently, the BTC price is fluctuating below the EMA52 and MA120 moving averages, and the MACD bullish volume column is shrinking. At this time, it is like driving in the fog, and you have to pay close attention to the road conditions ahead. The key is to see whether BTC can break through the moving average or form a bottom divergence signal to guide you.
Pressure and support
