Bitcoin (BTCUSD / XBTUSD): long-term averages turning bullish
Very simple chart showing complete Bitcoin market history. Red is the 200 day moving average (MA) and orange the 500 day MA.
As you can see they have already started to turn bullish. When red crosses up over orange this will be the signal for a bull market for me.
The previous two bull markets also indicated by such a crossover in Oct 2012 and Dec 2015.
In neither case did the averages uncross until after the cycle was complete.
As you can see they have already started to turn bullish. When red crosses up over orange this will be the signal for a bull market for me.
The previous two bull markets also indicated by such a crossover in Oct 2012 and Dec 2015.
In neither case did the averages uncross until after the cycle was complete.
Comment:
BTC needs to stay up
Comment:
Long-term averages crossed, by I remain cautious. My BTC position is long again but I don't envisage new ATH at this stage.
