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dsgorthy
Jun 30, 2018 3:05 AM

Bitcoin (BTC) MA Golden/Death Cross Analysis (Part 18) --> +41% Short

Description

Bitcoin (BTC) has been on a long bear trend here, and from the looks of it, I don't think we've seen the end of it. Breaking 6k since our last big drop was certainly not what we were looking for in terms of gaining against USD. While we did cross our MA earlier today with a short rally, I'm setting our buy at $6,700. We're very overbought right now and I do expect a pullback down to the low $5,000s in the next few weeks.

Segment 10
  • 06/20/2018 - BUY $6,700
  • 06/22/2018 - SELL $6,500
  • TBD - BUY TBD
  • Beginning ($): $14,600
  • Ending ($): $14,100
  • Beginning (BTC): 2.18
  • Ending (BTC): TBD


I'll be buying if we do cross $6,700 if I am wrong here, but I'm short for the time being.
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