Trend Change or Bitcoin Correction?

The price of Bitcoin has generated some doubts in many people, who make analysis about the possibility that the currency is changing its trend or is simply making a new correction.

There are several ways to determine this, each person chooses the one he/she feels most comfortable with according to his/her way of operating.

My favorite is the crossover of moving averages, as it gives me an earlier detection in any seasonality.

As I am doing analysis almost weekly, I prefer to work with 1 day and 4 hours temporalities, not less, as they introduce a lot of "noise" to the analysis.

In this case the crossing of the price over the 50-day moving average (which occurred yesterday) would be the first signal, but the second signal, let's call it "confirmation", would be the crossing of the 21-day moving average over the 50-day moving average, this has not happened yet, so we could be in the presence of a correction only, to continue going down.

This situation does not prevent us from having short-term opportunities to take some profits from those positions we accumulated in 30 and 28K.

Inter-day operations and/or for those who like "scalping", but in any case it would only be a small percentage of our total portfolio, as they would be giving us today a return of approximately 28% in 5 days. not bad.

Also keep in mind that we have been in a sideways or range trend for 3 months now between 41k and 30K, so it is still too early to say that the newly confirmed downtrend was reversed. what has happened technically speaking is a FAKE OUT or "bear trap", (so far) to get back into the upper part of the range. will we get through it?

I will be watching throughout the week and will update as any major movement occurs.