BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This chart shows the correction/bullrun times throughout the year. What's different about this correction though is that it's taking longer than usual. Normally we get a solid, high-volume bounce once the 150-200 EMA is hit. We're still above that however, so I'm still bullish . I won't trade this though, the market seems way too indecisive.

I consider it bearish once we get a 50-200 EMA cross. I have no idea what would happen to alts but based on the severeness and velocity of the downtrend the markets might bleed hard. I'm currently not trading, just holding.
Good chart
+2 Reply
Nice charting. Everyone is expecting a breakout soon, you can feel the tension in the air. The market is very balanced right now in that bears and bulls are having a tug of war and are equally as powerful.
+2 Reply
jamikr chargill
@chargill, agree its a feeling but its there!
is there a huge difference between ema and ma?

i've always used Simple moving average.
bluesphere80 whoisthelorax
@whoisthelorax, In a highly volatile market, both are important. EMA weighs more heavily the most recent movement, while sma is just a mean. SMA may be more indicative of support lines while ema may be a better determinate of the direction of new momentum.
+1 Reply
Scyripto whoisthelorax
@whoisthelorax, EMA is simply more reactive, even when it's a 200 range. Comes down to personal preference I guess.
chargill whoisthelorax
@whoisthelorax, It's just personal preference. Neither is better or worse to use.
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