The market is simply reacting to the fact that a cross between the EMA50 and EMA300 is happening on the daily chart of Bitcoin, indicating the famous golden cross. But studying the past we can believe that Bitcoin is creating the same movement made in February of this year when this whole pandemic started. Really in this zone between $ 8545 and $ 10k we are not confident in opening positions. For us it does not represent a safe trade zone.
The next movement to which we must pay attention are the crosses between the EMA50 and the MA300 in the coming days. Indicators do not show convergence between themselves, which makes us feel insecure.
This is where many traders are wrong: they believe that robots are playing the game in their favor. So, be very careful during these days.
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