#BTC analysis today based on Ema200 & MA200.
when the Technical analysis makes you furious and nothing seems to actually works, then you should use your other confluences in your Arsenal.
Well, yesterday i told you that BTC is trading below the #DeathCross which is MA50 AND MA200 cross on 1Day timeframe.
open the Chart, you can see when CPI data come and everyone was Bullish, i used MA50 AND MA200 To open the short position right from the rejection area.
Today we have BTC below both important moving averages.
#technical_analysis is having more than one indicators and tricks to work out.
when one indicator confuse me in market then i use other indicator.
Trade wisely.
