The 200 Periods Moving Average is undeniably one of the most significant averages that one could follow. We at Bitbloxx made an interesting observation on BTC/USD Weekly (Bitstamp) chart, i,e. near perfect double test of 200MA on the weekly chart. Now we also noticed a similar test around the foothills (June & Aug 2015) of the mega Parabolic curve that ended in Dec 2017. Interesting, isn't it? Let us know what you think. :)
Comment:
Some up-tick in price from the identified region. Sustainable or not, only time will tell. :)
Trade active:
It has been a long ride