BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
21d / weekly movingAverage crossing the 50 d/weekly MA crossing over for the 3 rd time in the history of BTC , Both times price goes to the 200d/weekly MA. Everyone is calling the cup and handle . Im only new to this but if everyone is saying something price wont do it.


Let me know if this has any merit as its my first public post

Comments

Very good analysis. We are still in a bear market and will remain there until the 50 day MA crosses the 200 day MA. The current channel we are in is an upward trend. This trend will not be broken unless we drop below 9200 (take a look at the daily chart.) For now I am holding unless we cross and confirm below 9200 (today.) That price will rise a bit tomorrow. I think if we drop below the 200 day we will be testing 4500 again.
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CryptoNewb77 TreasureCoastCryptographic
@TreasureCoastCryptographic, Thanks buddy, yeah I think we could wick down that low but it wont stay there for long. In saying that I am still a newbe
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@CryptoNewb77, All is good. Make sure you have a solid strategy. Know when you are going to get out before you get in. Trade on confirmations not indicators. Stick to your strategy - don't be greedy, it's better to consistently win small then to take a risk and loose big. Ignore the hype, and remember EMOTION IS THE BIGGEST KILLER OF MONEY! Good luck. :-)
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This analysis tries to show absolutely everything, but in the end it shows nothing.
Show your ideas in a clearer way
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@juarney, Thanks for he feed back, price to go down to the 200 MA/weekly
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