BTC has been above 50 MA on Daily Chart for 112 days

Bitcoin / U.S. dollarBitstamp

Description

⋅ Jun 9, 2019 8:07 AM

Even in the bull run of 2017, it never got up to that number of days.

even going back further into 2016, the price always had periodic returns either to the 50 MA or deeper into the Kumo cloud

We might stay above the 50 MA on the D chart for another 6 months. Probably, we won't.

Moving Averages BTCUSD

Comments

oldmankensey

⋅ Jun 9, 2019 11:11 PM

Big drop off since I posted this idea, looking more and more likely that we will indeed head down to touch the MA line...we'll see!

DACapitalTrading

⋅ Jun 9, 2019 10:22 AM

very good trade! I will follow you now! Leave a like on my Profile aswell buddy :)