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MartinArm
Jan 13, 2019 12:32 PM

BTC to test the 200DMA before trending higher Long

Bitcoin / DollarBitfinex

Description

BTC has never breached that 200 DMA since 2013 and I doubt it will ever breach it in future. And I do forsee it test this level in the coming weeks for a possible double bottomed recovery sometimes in Feb that will herald the begining of a new 4 year trend. The level of adoptions in crypto and btc is higher compared to the last 10 years. There is vastly more awareness, government action, industry buildout in this cycle now.
Comments
TEXAGG22
Dude...you are on a weekly chart...that would be the "200WMA"
Boon2
BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture!
CryptoC77
MartinArm
Hahahaha. My apologies. I suppose to write WMA and not DMA.
nDman_sk
There was not 200 DMA in 2013 to be broken!
nDman_sk
@nDman_sk, *weekly, I think you meant weekly
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