Bitcoin: Can the Extension from the 20W MA help Identify Local Tops?

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The peak extension of the price of Bitcoin from its 20 week MA has decreased each market cycle. So far, this trend is still in tact. In this video we show a macro-level down-trend in terms of extension from the 20W MA. We discuss a few hypothetical scenarios for the price of Bitcoin in the short-term and the implications of that on the extension from the 20W MA. Let me know what you think of this analysis in the comments!

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Disclaimer: The information presented within this video is NOT financial advice.

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