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MichaelL200

BTCUSD, Weekly, Bearish moving averages

Short
Bitcoin (INDEX:BTCUSD)  
MichaelL200 Updated   
INDEX:BTCUSD   Bitcoin
Trend Analysis Technical Indicators Moving Averages Bitcoin (Cryptocurrency) BTCUSD BTCUSDC crypto sma short
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trendanalysis indicator movingaverage bitcoin btcusd btcusdc crypto sma short
In four of the last five cases, we rebounded from the averages, which heralded increases in Bitcoin's price. For a while now, we have gone below those moving averages, which does not seem to be any good. This is the fourth close of the weekly candle below 200 MA.

DISCLAIMER
It is not financial advice. It is only my own view of the market.
Comment:
Now moving averages work as a resistance.

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