DashingSixty

DashingSixty

Another simple analysis / update on our trend (Not a price prediction - as I don't like to do that). Under the 50 simple moving average (Green to red line) = BEARISH Still trading well under the 200 daily simple moving average (blue to orange line), which is a historical indicator for what kind of trend we are currently in = BEARISH For the first time...

DashingSixty

*** Always trade your own charts. These charts are for simple analysis from my point of view. This is NOT trading advice. *** A simple look at the 4H chart versus the 200 smoothed moving average (green line) and the 200 simple moving average (blue / orange line). Trending well below the 200 SMMA - Sign of weakness. Trending below the 200 SMA - Sign of...

DashingSixty Updated 

Simple idea here. The 200 Day Simple Moving Average: The thick blue line (now turned orange) is a historical point where bitcoin has shown significant market changes over the past 3 cycles. When trading above this line, we tend to be in a bull market. When trading below this line, we tend to trade bear market. Three cycles worth of history shows that this is...

DashingSixty Updated 

I hope I'm reading far too into this and I really hope I'm wrong. Potential head and shoulders forming on the weekly? :-(

DashingSixty Updated 

Keeping it simple here. 1) 200 EMA: Trading below this keeps us in a downtrend until we close above it with volume and positive price action. Once we break above this EMA around $42,000 and turn this into support rather than resistance, we can then look for further confirmation of a true reversal instead of just an impulse movement. 2) 200 SMMA: Acting...