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Nutty_Trader
Dec 21, 2021 9:08 PM

Need 50 MA Not To Cross Over 100 MA 

Bitcoin / TetherKuCoin

Description

Bitcoin is showing some positive signs. We have formed bullish divergence on the RSI. We just need to hope that the 50 day MA doesnt cross over the 100 day MA. Last time that we saw similar bullish divergence BTC saw 100% gain. We can hope that something similar will happen this time around but we need to recapture the 100 day MA while holding the 200 day MA. If we fail to hold the 200 day MA and we do see the 50 day MA cross over the 100 day MA then things dont look good. For now I remain nuetral.
Comments
bed87
...But then you're no longer buying low, well not lowest anyway. :D
Nutty_Trader
@bed87, you dont want to try and catch the bottom. Better to wait for a bullish conformation signal before entering a position.
bed87
@Nutty_Trader, Was this already the bottom?
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