Bitcoin Moving Averages 2/7/18

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Moving averages color coded:

50-Day (Red)

100-Day (Yellow)

200-Day (Green)

All serving as indicators of current trends in price action. Short/Mid/Long term.

Upward rebound off of 200 day EMA a good sign for investors, reassuring belief that we are experiencing a healthy correction and will see upward movement in price action to come soon. Positive fundamental signals concerning SEC/CDIC regulation in the U.S. as well as regulation abroad (India/South Korea/China) seem to support this movement.
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