Get started
mycotoxin

BTC must close above 8183 if its serious about moving to 8606

Bitcoin (BITSTAMP:BTCUSD)  
mycotoxin Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis
7
5
trendanalysis
BTC must close above 8183 if its serious about moving to 8606.
A bounce off this green trend line will move BTC higher to test the MA200
at 8500 . closing below 8183 can lead lower to the 8015 area
Comment:
BTC also currently sits below the MA200 which is at 8500 , and unless BTC closes above 8600 the slower MA200 will cross the faster MA20 resulting in a large move lower ,
This Bearish MA200/MA20 cross looks set to occur later this week - so if BTC is serious about proving this is not just another silly Bull-trap lets see those closes above 8183 and 8600 .

BTC - Incoming disaster to 6500 if the MA200 crosses the MA20
Comment:
BTC successfully closed above 8183 and is now - the next step in this dead cat bounce should be a move up to tackle the MA200 at 8600
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.