It is at the cross to go Green Channel, or Go Red Channel?
Let's see it might go Green Reasons: 1. Volume Drop while price drop. 2. Just a kiss 50 days SMA(DSMA), the second time kiss 50 DSMA (Last time is on 4ht Mar, 2019.) after 50 DSMA cross over 100 DSMA. 3. 50 MA close > 50 MA Open
Let's see it might to Red Reasons: 1. Buying interested low (Volume small) 2. Closed below 5 days average for 8 days. (Bear sitting on the driver seat, control the market direction to go down) 3. Bitcoin was unable to beat 150 DSMA, price drop lower than 20DSMA, too.
Our bias is it might go Green Channel. Buy from here, and set a proper stop loss at 100 days SMA.
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We can easily observe that, after 24th Feb, 2019 160 Crash Dumping, there are 3 times narrow range down trends for trying to find support. The support were found at 40 to 50 days SMA for 3 times. The support valleys are higher and higher.
For every time, the supported was found, it bounce up very fast, for the past 2 times, it took around 3 to 4 days for climbing high. For the past 2 times, the peak is higher than previous high.
Next development should be watching that: For the next 3 days, it is very important to proof the major bull fund managers want to maintain the bullish trend.
If the volume could not trading large, and the peak could not climbing than previous high, then it might be -- a fake up trend, or -- a manipulate Rise High to Sell Strategy.
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Be watching out
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Maybe a good entry. Be careful the volume.
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Volume too small.
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Bullish bias, will have another up wave. Let's see how high will it be.
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After 3 times washing the floating lock-up positions, trading Volume Enlarge. As per discussed, another up wave.
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Might have another up wave. Let's see what it will be......