BTC - EMA 100 & 50 CROSS, can we beat the 200 EMA?
Hello guys.
As you can see in my post we have here the 1W Bitcoin (Bitfinex) Price Chart.
We have a cross of the 100 EMA (Blue Line) and 50 EMA (Yellow line).
This is definitely an indicator for votality and means if we manage to break the 200EMA (Orange Line) resisstance. We can basicly take this as a bullish movement as we are getting closer and closer to the major triangle, IF we break up. If we break down this means we have been in a B wave of an ABC correction and we will follow up all the way down to C (300EMA) (purple line)
I excpect many shakeouts and pinbars before we reverse bulluish, so not every dump will be as critical as you think. I personally think IF we are going below 3K USD, we will stay there only for a short buyback of the whales wich will create a PINBAR.
Note:
The last bearmarket lasted 665 Days. The white vertical line at the end of the Ichimakou Cloud represents the end of the bearmarket 2015!
As you can see in my post we have here the 1W Bitcoin (Bitfinex) Price Chart.
We have a cross of the 100 EMA (Blue Line) and 50 EMA (Yellow line).
This is definitely an indicator for votality and means if we manage to break the 200EMA (Orange Line) resisstance. We can basicly take this as a bullish movement as we are getting closer and closer to the major triangle, IF we break up. If we break down this means we have been in a B wave of an ABC correction and we will follow up all the way down to C (300EMA) (purple line)
I excpect many shakeouts and pinbars before we reverse bulluish, so not every dump will be as critical as you think. I personally think IF we are going below 3K USD, we will stay there only for a short buyback of the whales wich will create a PINBAR.
Note:
The last bearmarket lasted 665 Days. The white vertical line at the end of the Ichimakou Cloud represents the end of the bearmarket 2015!
Trade active:
Closed the weekly candle above 200 EMA very interesting!
Trade active:
PUMP
Trade active:
Now EMA 100 & 50 are acting as ressistance! Things get more and more interesting!
KSC
