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UnknownUnicorn3773516
Nov 21, 2018 6:45 PM

BTCUSD - Why the bottom is 100% in 

Bitcoin / U.S. dollarBitstamp

Description

This is such a strong support for the 4 following reasons:

1: Support on the Weekly 200EMA
2: Support on the 4.236 Fib extension from the previous bear market.
3: Support on the 0.786 Fib level from the last bull market.
4: Obvious volume spike.

If this does not hold, nothing will.

Comment

Let's take a second stab at 4050$ and seal the deal shall we

Comment

We took the stab. But the action is not bullish. I may have jump the gun here.
New plan: wait for the breakdown which should be the final push and buy everything I can.

Trade active

BUYBUYBUYBUYBUY
Comments
SpikeSpike
Are you sure we need to look at the EMA and not at the SMA (which is around 3k)?
UnknownUnicorn3773516
@Sipke82, EMA react faster than SMA. In a volatile market, they should be more relevant.
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