2011 to 2014 :
2014 to 2018 :
Hi everyone,
this is update on 50WMA price action throuth history of BTC.
I think this is very important price level which was always followed with bigger move in price action on BOTH sides.
If I count correctly there was 3 (4) times when we HOLD this level as support and had relief rallie and aswell 6 times when we didnt and fall further to lower prices. . .
If you ask me, I still hold on idea that TREND IS YOUR FRIEND and one should FOLLOW it until proved otherwise, so I gonna stick with what I saying already for months and thats there is highier possibility of FALLING further then RALLIEing UP. At least at this moment. Things can ofcourse change, but it not looks like it RIGHT NOW. At least as I see it.
BUT, I would like to know- What you think about market? So dont be shy and leave bellow comment with your thoughts.
Best regards,
joecryptou
Those who agree or like analysis PLEASE click that like & follow button and dont be shy to leave comment with your opinion. Your positive feedback motivates me to providing more of my views. Wish everyone good luck in trading.
DISCLAIMER: This is not financial advice. One should always do his own research before taking decision enter markets.
Hi everyone,
this is update on 50WMA price action throuth history of BTC.
I think this is very important price level which was always followed with bigger move in price action on BOTH sides.
If I count correctly there was 3 (4) times when we HOLD this level as support and had relief rallie and aswell 6 times when we didnt and fall further to lower prices. . .
If you ask me, I still hold on idea that TREND IS YOUR FRIEND and one should FOLLOW it until proved otherwise, so I gonna stick with what I saying already for months and thats there is highier possibility of FALLING further then RALLIEing UP. At least at this moment. Things can ofcourse change, but it not looks like it RIGHT NOW. At least as I see it.
BUT, I would like to know- What you think about market? So dont be shy and leave bellow comment with your thoughts.
Best regards,
joecryptou
Those who agree or like analysis PLEASE click that like & follow button and dont be shy to leave comment with your opinion. Your positive feedback motivates me to providing more of my views. Wish everyone good luck in trading.
DISCLAIMER: This is not financial advice. One should always do his own research before taking decision enter markets.