Interesting how Jake mentions a higher low on the MACD, as well as uses the volume analysis to determine the next move.
NVO Divergence on the MACD continues to form (lower weekly closes vs. higher lows on the MACD). Volume gap above up to around $54.
@Jake__Wujastyk (new tab)
Tracking Bitcoin
#Bitcoin This is getting very close to breaking down. $BTCUSD bulls have a lot of work to do or we likely see the levels shown below hit potentially quickly as this becomes a self fulfilling prophecy.
@Jake__Wujastyk (new tab)
#Bitcoin Trading right at the bottom of this trend zone. Make or break here.
@Jake__Wujastyk (new tab)
