bitcointrader3764

Everytime BTC meets the 200EMA it Crashes...

BITSTAMP:BTCUSD   Bitcoin
Just a thought whist things are slow..I was looking back at the bigger picture on the 1D timeframe and it struck me that everytime the prie came down to meet the 200EMA it crashed below it with some vigour. It may have taken 6 or seven days to breach but when it does....and if history is anything to go on....and we use it a lot....then the odds are in favour of a sharp decline in the very near future...Now everyone says...the halvening...the halvening...the rally etc etc...and start of the next bull phase. Well if I was a whale and wanted to skin some green, this would be the perfect opportunity to do so....Personally I think the whole rally above the down channel looks decidedly manufactured. too perfect...engineered on a Sunday night...so i wont be surprised when everone thinks that 7600 is the absolute bottom that the powers that be decide to take us much lower....ive been waiting on capitulation phase and the halvening might just be the time to do it...we shall see. Good luck to all in your efforts...
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