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veerakumarnice

Will the ride continue or end as a roller coaster ?

Bitcoin (BITFINEX:BTCUSD)  
veerakumarnice Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Moving Averages
7
0
trendanalysis movingaverage
BTC had two monthly closes below 5EMA and 10EMA . Current Monthly close below 7600 means it would again go down to test the bottom. Also 50 week MA has been breached two months back and it is now retesting that too. "Better safe than sorry" . Expect a huge crash if it closes below 7600 in monthly candle, else it is good to go long. Happy trading :)
Comment:
Monthy close below happened below 5 EMA. Bearish tone.

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