#BTC
It just so happens that the 50-week EMA (purple) tends to be approximately confluent with the Macro Downtrend (black)
Turning the 50-week EMA into resistance (or even overextending briefly beyond it but failing to turn it into new support) while also rejecting from the Macro Downtrend would be a sign of weakness and confirmation of a Lower High
$BTC #Crypto #Bitcoin
@Uranium_Ape@haruinvest I strongly agree. I've also asked before whether Haru is considering partnering with Nexus (as an example) to allow users to also obtain their own cover? https://t.co/U2LLDuSZn5