Analysis of $BTC a little bit, to have a general overview.
We are starting a new week, and it's also a new month. This week, the economic signals are not very good.
- The candle last week closed below the MA7 line.
- MACD continues to be red, the yellow line crosses down.
- RSI 6 is sinking.
The daily candle is even worse. MA 7 has crossed down MA 99. Oh my God! We should prepare for a very bad scenario for $BTC .
Many people believe that the current capital is leaving #bitcoin and moving to $ETH . Could it be that the time of #ETH is coming?
We will continue to analyze ETH in the next article.