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Jul 11, 2019 5:01 PM

BTCUSD strong 200 EMA!! Long

Bitcoin / U.S. dollarBitstamp

Description

200EMA does not give up
With this title we start the bitcoin analysis in a 4 hour chart
Looking at the overall upward trend of recent months, this shows very quickly how the 200 EMA has provided very important support.
What I also noticed, is the fact that the bitcoin ever came back to the 61fibu where the 200 EMA was nearby and bounced back and has formed a new high.
If this case were to recur again Bitcoin is likely to make a decision soon and possibly seek a new year's high.
If not, it could collapse significantly and form new lows. but hey what else interesting to mention. it comes to such a sale, the 61 he was in the 6000 area where the course has commuted for months and could find support there.
PS: if the sale was about as fast as the increase, we would reach around in October and 61er fibu rates guess there is also there .. W1 200 EMA

cheers
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