senseisatyoshi

bitcoin about to test 21 monthly average what that means to me

Short
BITSTAMP:BTCUSD   Bitcoin
in many markets as well as for bitcoin the 21 monthly average when ever tested is a last resistance before the final drop in most cases. in gold aswell as btc in 2015 when ever this exponential moving average was touched which will be around $5200 for this case it has failed and i expect either a lower low or at $2,900 zone to be tested within this month. it may or maynot be the final bottom we will see how bitcoin reacts after dumping to this region. will keep you updated. this is not financial advice

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