Jameve
Short

Will classic EMAs predict another large drop? A mid term look.

BITFINEX:BTCUSD   Bitcoin / Dollar
202 0 2
This chart is inspired by @DrewR , particularly this chart
Will Classic EMAs predict next large move?


Is Bitcoin in for another large ~45% drop? Sure looks that way. 300-315 still a key zone to watch, but bears are invigorated with a recent break of a key low, 340. 10/21 EMAs have had a good track record since the November 2013             rally. 1st touch/cross = reversal soon, 2nd cross = reversal. Also Litecoin has broken all post November 2013             lows which may give further indication that Bitcoin is in for a deep dive.

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