Introduction
In this post we will examine the current situation in the market, and why it happens what is happens.
Bitcoin
The weekly chart of BTC touched the 21 week EMA:
Note: This usually happens in BTC when an imminent reversal is in place. Both MACD and RSI also showing a reversal! From the chart we can see that the movement is not natural, happens due to coordinated manipulation. Just bear in mind that in my previous posts I did explain what are the indicators that designate the end of the bull market please see here.
The weekly chart of BTC touched the 21 week EMA back in 2018:
Note: BTC movement below the 21 weekly EMA is is an indicator of bearish movement.
The support lines for the BTC can be shown below:
Below we can see the FB retracement:
Note: The 1st strong support line was 47k, the 2nd strong support line is 35k and the last is 18k.
Cardano
Below we can see the weekly FB ret for ADA:
Note: ADA has a strong 1.2$ support line. Also has a lot of bullishness and the FB not is at 3.1$. Both RSI and MACD look good.
Ethereum
The ETH looks like that now:
Note: No comments about the chart. it is just beautiful
BNB The big winner
This is how BNB looks:
Note: No comments, it seems only BTC from the top 10 was affected for the long run.
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