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Currency - A bearish setup in Bitcoin
Volume 6, Issue 3
February 21, 2022
Items of Interest:
For investors interested in Bitcoin, this is our view based on the money flow work we do. We had a reversal at the declining 50 and 200-day averages and the upper end of the regression trend channel. Wave structure also suggests that price should take out the January low. The MACD below is turning down from the zero line, which is a bearish setup.