Bitcoin + DMI + MACD Analysis
- MACD Bear cross (Bulls need to defend the 0-line)
- Di- Line diverging higher from price (+ Divergence)
- Di+ Line diverging lower from price (- Divergence)
- Di+ Line now below ADX line (Bearish Cross)
- Expanded Flat (not shown) = C-Wave high holding
The aforementioned TA points are all bearish. Period. The Bulls do have one thing going for them though, they are over all daily MA's. That said, let us hear the conclusion of the matter!
馃憞
Bulls your mission is simple: Break 88K and hold it
Bear your mission is simple: Break 82K (20MA)
Whichever occurs FIRST, that will be the new directionality for Bitcoin. Me? I lean into the bearish outcome.
That is all for now...
Source: JT, 7th Key Financial