Hello! 200 MA/daily is a solid resistance, 200 MA/weekly is a solid support,
We can clearly see Bitcoin under 200 MA/daily is bearish trend same as in 2014-15 with ~455 days of bear. We will have a move upwards 200 MA/daily this summer 2019. This is where 200 MA/daily will act as an support. We are now in a consolidation phase, hard to determine if it was already bottomed but clearly is possible we can retest this lows of december 2018.
Have a great day!
Comment
⋅
I am really scared to see this big up trend, we definitely will see a correction! This must be a consolidation period between 6k and 3k, to lately broke 6k end of year or 2020
Comment
⋅
Comment
⋅
I was wrong (still need some tome to be sure) about this last post i thought 200MA daily is a resistance as previous months did, in this case we already broke upwards 200MA, but need 1-2 months to stay above it if not it will drop to 4200-4400 to retest his supports!
Comment
⋅
Soo April was a positive month for bitcoin lets see if May and June will stay above 50MA, i am more downside in summer as previous trends on Bitcoin.
@BilimNehri, thanks, fact that i am very wrong in short period then long :)
BilimNehri
⋅
@CaramelSpaceFrog, you dont know that . You just told the fake price wrong. 4700 5200 whatever. it is fake
ReallyMe
⋅
Yes, completely fake. I agree. The True Bitcoin Bottom is months away - here's why!
CaramelSpaceFrog
⋅
@ReallyMe, i disagree we already hit the bottom!
Bitcoin block reward is coming closer, from now we will just consolidate between 3k-6k, we can restest LL but i hard believe it will go lower,
I was wrong about this last i thought 200MA daily is a resistance as previous months did, in this case we already broke upwards 200MA already, but need 1-2 months to stay above it if not it will drop to 4200-4400 to retest his supports!
ReallyMe
⋅
@CaramelSpaceFrog, Then I hope very much for you that you are right. Otherwise, I will, for me personally, first wait until the red line has crossed the green one. As simple as that.
CaramelSpaceFrog
⋅
@ReallyMe, well is good to see different options so we can be ready for it to buy low thx for sharing