Feb 24th - Bitcoin Market Update - 8% drop...now what?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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Also drop a comment and tell me where you think Bitcoin and market is headed in the short-term. Also are you bullish or bearish on the market fundamentals and why?



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Feb 24
Comment: BTC respecting the 20 Day EMA (pink). Both the 20 Day EMA and 50 Day (orange) should act as strong supports. I want to see the 50 Day really hold. If this breaks through than I will wait for candle closes on the next trade setup.

This is how I see it. BTCUSD H4 Update, Z down? Checkout the idea detail's and update's for the complete picture.
Hey, mate. Just began adding your feed to my watchlist. I think you may be interested in my outlook on mid term btc prices. I corrected predicted and held the recent short for 7.5% profit. Feel free to reference my analysis and contact me for further collaboration.
+1 Reply
WolfpackCrypto timmy_aussie
@timmy_aussie, nice adam and even pattern!
Price create new falling wedge. Like before rally.
+1 Reply
Hmikael Hmikael
@Hmikael, I feel bear market continue and ended next autumn.
+1 Reply
@Hmikael, technically a bear market is over when an asset is over its 200 Day MA. For BTC this is currently around $5100 and moving lower day over day. So my advice for people who don't want to speculate is buy BTC when it moves above its 200 DMA. Then forget about it for 3 years. If you want to speculate trade, yes, bear market can go on for awhile, but on the macro and fundamental picture I'm seeing indications telling me we are forming the bottoming phase and we should in a more bullish market come April earliest.
+1 Reply
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