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Web3GmbH
Jan 15, 2018 2:30 PM

Bitcoin Moving Averages 

Bitcoin / U.S. dollarBitstamp

Description

The 10MA and 50MA are currently at a bearish dead cross.
The Bollinger Basis line is 20MA and price is below all these Moving Averages which is still bearish.
If the daily closes above $14800 and price stays above these moving averages we are back in bullish territory again.

In last years Bullrun the 50MA was often a Support during market crashes and Bitcoin was almost always above the 10MA which was extremely bullish.



Comments
Web3GmbH
this is the current ETH chart, looks similar and the dead cross may be possible
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