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WOLFGEIST
Feb 3, 2018 10:51 PM

Bitcoin support at 50, 100, 200 Day Moving Averages(DMA) in 2017 

Bitcoin / U.S. dollarBitstamp

Description

As we can see, the 50, 100, and 200 day moving averages were solid support points throughout 2017. Once Bitcoin touches the 200 day moving average (at a rate of less than once per year) historically it rebounds very, very strongly.

Edit: Made a typo. The orange text description should say "50 day moving average". Sorry!
Comments
Baeyertz2
you have written both green and orange as 100 EMA
WOLFGEIST
@Baeyertz2, yeah I mentioned it in my description edit. Won't let me change it. Sorry!
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