cryptoGats

Quick update about Bitcoin

BITSTAMP:BTCUSD   Bitcoin
On the 3Day timeframe, BTC is at the beginning of a golden cross which is when the 50MA crosses above the 200MA (the 50 Moving Average, crosses above the 200MA). This happens in every timeframe but the bigger the timeframe the more indicative and important it becomes. A golden cross is a sign that price will go up and stay above the 50MA for a period of undetermined time and as long as it does so you will be safe. I also added the thin black line that represents what will be resistance for price, my guess is that on this round BTC will hit 15k and then begin to come down. I am currently in an LTC trade, it should be safe to buy in now again at 95ish but set a stop loss although not too tight. When LTC hits the $110 area or right before do exit the trade as it will drop quickly. (this is for paper trade references.)

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