Let us look at the and put Daily Moving averages 50 and 100 and see what chart shows us. These 2 MAs have given us some of the best moves in history and i will explain how:
When 50 DMA (Orange line) crosses 100 DMA (Green line) upwards, it has always made a significant move. Details are as below:
1) 04th Jul'2015 - Bitcoin was at 260$ and it made a high of 316$ on 12th Jul'2015 (21% Gain)
2) 22nd Oct'2015 - Bitcoin was at 276$ and it made a high of 19891$ on 17th Dec'2017 (7106% Gain)
3) 06th Apr'2019 - Bitcoin was at 5049$ and it made a high of 138686$ on 26th Jun'2019 (171% Gain)
and It is happening again - "HISTORY REPEATS ITSELF" - 50DMA is crossing above 100DMA and rate currently is 9330$ (while publishing this idea)
How much higher we are going to go? Please do let me know your thoughts in comments below!
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