This Chart Determines the Next Week (At LEAST) of the Crypto Market

in bitcoin •  7 years ago 

Day 6.PNG

BTCUSD

  1. The Potential bearish crossing of the 50 day moving average and the 100 day moving average
  2. The bitcoin currently trading against the 200 day moving average
  3. Volume decreasing on the daily charts

These three indicate to me that the market wants to continue trading along the 200 day moving average until some big news comes about that allows us to break away from the 200 day in the positive direction, to to break below it again. As long as we stay above the 200 day, I am bullish. Even sideways movement is good movement.

bitcoin btcusd
7 years ago by

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      ·  7 years ago 

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        ·  7 years ago 

      This post has received a 0.25 % upvote from @booster thanks to: @treithetruth.

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