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truecodecapital
16 May 2021 22:26

BTC Closing Under 20-Week EMA & SMA 

Bitcoin / U.S. dollarBitstamp

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Another bad sign for the BTC market. We'll see what happens at close today, but this level is especially close to the SMA(150) on the daily chart.

When I see trends being broken on the longer timeframe, that is further cause for concern.

We'll see what happens in the next few hours.
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