Light blue = 21 day moving average
Light green = 50 day moving average
Orange = 100 day moving average
Red = 200 day moving average
Brown = 365 day moving average
The index is for 14 days in a row below the 365 day moving average.
This is no good sign.
Also, the price is way below circa 24,750 (the price it had around the start of 2018) so it already lost a full...
I believe the bottom is near :)
I would wait until the price goes above the 200 or even 365 day moving average before I would call it bullish again.
Based on geometry (symmetry calculated with the $6000 support + the highs since that price) some important targets at the moment are $3500 and $2000.
Also $3000 is an important psychological support price.
So I...
Light green = 21 day moving average
Light blue = 50 day moving average
Orange = 100 day moving average
Red = 200 day moving average
Dark red / brown = 365 day moving average
I think this could happen, because of what happened the previous time. It looks like Bitcoin is following the bottom line since 2013.
What are your toughts?
