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Technical analysis by CryptoCoBean about Symbol BTC on 10/29/2023

https://sahmeto.com/message/3365935

Distance from 50 EMA

Neutral
Price at Publish Time:
$34,387.49
،Technical،CryptoCoBean

BTC tops at lower and lower % difference from the 50 EMA showing lower volatility which coincides with the market cap. Next one is around 70-90% away from the 50 week EMA. Just something to keep out for. The lower side, -20 on the indicator proved that it was the end of the drawdown and volatility started to die down at that point.

Source Message: TradingView
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