Get started
The3eyedFrog

A rejection from 200 WMA (Red) & 50 WMA (Green)?

Long
Bitcoin (BITSTAMP:BTCUSD)  
The3eyedFrog Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Technical Indicators Fundamental Analysis bitcoinprice btcusdanalysis btcusdbuy bitcoinpriceprediction
10
2
trendanalysis indicator fundamental bitcoinprice btcusdanalysis btcusdbuy bitcoinpriceprediction
If we see the last bull run, after crossing the 50 WMA bitcoin tested and got rejected for further downside to test 200 WMA. But this time it has already been dropped below 200 WMA and not testing it, not just that also testing 50 WMA. If it gets rejected here, would not be a good sign for bulls.
Comment:
Here what happed last cycle

snapshot
Comment:
Bearish Divergence on Daily TF

snapshot
Comment:
Even 2013-2014 cycle.. 50 WMA played its role very well

snapshot
Comment:
snapshot
First time ever in the history of Bitcoin, it is getting rejected by 50 month MA.
Comment:
Told ya!! enjoy those listened!
Comment:
Comment:
Comment:

Related Ideas

The3eyedFrog
Rejection from 50 weekly MA.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.