HawkEyE

SUB 8k IS NOT OUT OF THE GAME

BITSTAMP:BTCUSD   Bitcoin
As we look into retrospect when we had our first golden cross ( 50/200 MA Crossover ) on the 3D TF , We retested 50 Day MA multiple times on our run up and it was acting as support all the way up to the move to 19k. It is definitely one of the key MA's to watch on the 3D chart and as of now we are way above the 50 Day MA which is sitting at 7.5k level and pull back to the 50 Day MA is possible. Current market situation - On the DAILY we finally broke above 20 EMA after so many rejections and when we break the 20 EMA - (currently - 10,313) it is likely that we will pullback to 20 EMA in a couple of days. Lets see how this plays out , Key levels marked via red horizontal lines. I'll be a buyer if we break and close above.

PP
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