Hello!
200 MA/daily is a solid resistance,
200 MA/weekly is a solid support,
We can clearly see Bitcoin under 200 MA/daily is bearish trend same as in 2014-15 with ~455 days of bear. We will have a move upwards 200 MA/daily this summer 2019.
This is where 200 MA/daily will act as an support.
We are now in a consolidation phase, hard to determine if it was already bottomed but clearly is possible we can retest this lows of december 2018.
Have a great day!
200 MA/daily is a solid resistance,
200 MA/weekly is a solid support,
We can clearly see Bitcoin under 200 MA/daily is bearish trend same as in 2014-15 with ~455 days of bear. We will have a move upwards 200 MA/daily this summer 2019.
This is where 200 MA/daily will act as an support.
We are now in a consolidation phase, hard to determine if it was already bottomed but clearly is possible we can retest this lows of december 2018.
Have a great day!
Comment:
Comment:
I was wrong (still need some tome to be sure) about this last post i thought 200MA daily is a resistance as previous months did, in this case we already broke upwards 200MA, but need 1-2 months to stay above it if not it will drop to 4200-4400 to retest his supports!
Comment:
Soo April was a positive month for bitcoin lets see if May and June will stay above 50MA, i am more downside in summer as previous trends on Bitcoin.
Comment:
4000-4200$ can be next support
Trade closed manually
This must be a consolidation period between 6k and 3k, to lately broke 6k end of year or 2020