This Time It’s Different: “Super” Signal Flips Bearish On Bitcoin
Where the king of cryptocurrency is in its current market cycle is up for fierce debate. Has Bitcoin topped? Or is it ready to bounce and carry on just like it did in 2017. Unfortunately, a “super” sounding technical indicator has flipped bearish on the first ever cryptocurrency – something that never once occurred in […]
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Bitcoin is likely to enter a bearish market as a never-before wrong signal just got triggered. Bitcoin Headed Towards Bear Market? As pointed out by a pseudonymous trader on Twitter, there is a certain signal that has consistently been right in the previous BTC cycles. The signal in question is the Super Guppy indicator, a […]
Bitcoin price is back in the mid-$50,000 range, after several rejections from resistance at above $60,000 per coin. A visit to support levels to test demand much lower might soon become a reality now that a technical indicator measuring momentum has flipped bearish for the first time since 2020. Here’s what this could mean for the leading cryptocurrency by market cap’s current bull run. Bitcoin Momentum Turns Bearish For First Time Since Late 2020 When […]
With Bitcoin holding strong above $10,000, the halving in the past, and months of positive price action, it is hard to not be bullish on the first-ever cryptocurrency. However, a momentum measuring tool has flipped bearish for the first time since April 2020 on weekly timeframes, potentially pointing to $10,000 failing to hold and a […]
There's a lot of long-term bulls in the bitcoin market. But in the short-term? Pretty much everyone has suddenly turned bearish.
Bitcoin yesterday saw its largest daily red candle in its history in terms of total dollars moved. Today, the selling has continued, and it has caused the MACD to turn bearish for the first time since the leading cryptocurrency by market cap took out $20K. Is this a sign of a short term reversal, or […]