“The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. And I knew we'd get into that rotten stuff pretty soon. Probably at the next gas station.” - Hunter S. Thompson
It just so happens that the highest ever volume on ETHBTC took place right...
The 200 day ma is about to cross below the 300 day ma, an event that bitcoin has not seen since August 2014, preceding a massive plunge with over 70% loss. Since then, the 200 day ma has been above the 300 day ma from November 2015 for roughly 1000 days. There is no doubt that the crossing of these two moving averages should trigger a strong warning for bitcoin bulls.
the 50 week simple moving average has been support for bitcoin since the 12 of october, 2015. It also offered support at its 2 most recent falls, occurring the weeks of january 31 and march 28. could we see bitcoin find crucial support again here, or will it finally fail after almost 1000 days?