Update of my last post..
Historically the 50Week Ma (Yellow Line) & 50Week SMA (Pink Line) on Bitcoin have been good indicators when showing support and resistance areas and confirming either long continued uptrends or downtrends (Bull or Bear Markets).
Currently, unlike previous crosses they are running parallel with each other instead of abruptly crossing one another. Interesting to see where we close this week, definitely a fight between the bulls and the bears!
Historically the 50Week Ma (Yellow Line) & 50Week SMA (Pink Line) on Bitcoin have been good indicators when showing support and resistance areas and confirming either long continued uptrends or downtrends (Bull or Bear Markets).
Currently, unlike previous crosses they are running parallel with each other instead of abruptly crossing one another. Interesting to see where we close this week, definitely a fight between the bulls and the bears!
Comment:
Update - 20 Week SMA** not 50 Week SMA