It probably won't break daily MA200 resistance any time soon

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
There could be a short term push towards the daily moving average 200, however, I don't see BTC pushing through just yet. This probably will happen sometime in 2019, and this will be the buy signal for me.
Just being patient, and waiting for it to break the resistance.

There is a small chance that it will break the resistance before that, in this case, it is advisable to watch how strong the break is, volume-wise. I am still not convinced that we'll see a rally this year.
Only in case of a massive DXY drop , there would be a chance for a rally. I see the probability for that quite low.

For clarification: I am short term long, mid-term short, and long term always long.
“short term long, mid-term short, and long term always long”

Could not agree more.
FlaviusTodorius67 BCryptological
@BCryptological, Thanks :) I find it important to clarify this, since I believe that longterm, 2020+, btc will reach pretty insane values, no matter how low it will go this bearmarket. It always keeps coming back stronger.
+1 Reply
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