Technical Analysis for Bitcoin LONG - Possible downtrend incoming
Potential sell signals ahead. An engulfing bearish occurred, within an RSI linear regression.
Gotta keep an eye on the EMAs, since if EMA20 will upper cross EMA50, that's a sell signal, as mid term trend is reverting.
Lower resistance line was broken as well. Bearish season ahead for BTC, this may definitely trigger the flippening.
What are your thoughts?
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1800$ is a given, 200 EMA is probable
Perfectly!