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Technical analysis by e536174616 about Symbol BTC on 12/5/2021

https://sahmeto.com/message/3325298
e536174616
e536174616
Rank: 18096
1.4

Bitcoin Blood Bath! SPX Fractal.

Neutral
Price at Publish Time:
$49,368.85
،Technical،e536174616

I'm Comparing the Present Bitcoin Fractal pattern to the S&P 500 Fractal pattern in 2018. You can see Bearish Divergence. Also you can see price support at the 50 Weekly Moving Average. Once the price hit the 50 Week MA after the Bearish Divergence Signal was seen, the S&P 500 broke down to the 200 Week Moving Average. Will this happen with Bitcoin before making new all time highs? Might be a wonderful buying opportunity.

Source Message: TradingView
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