Technical Analysis Bitcoin - BTC / USD (10/5-2016)

Hello traders!

This week we will have a brief analysis of Bitcoin as we had no significant movement in this last week, we go to the chart!

In the daily chart we have a very similar picture as the last week, we have a consolidation, with the average always crossing that is the time to just wait, time to stay out until the market gives us a significant sign.

In the weekly finally we can see that the average MM9 and MM21 crossed at that time if there is no positive news that is relevant before the market, we'll probably have a good correction after this last great high at that time as any of the green lines are broken the best thing to do is wait.

To those who are waiting for a more favorable time to buy it is important to stay on top of news related to deutsche bank as if he sees the crumbling of time, probably feel the impact in all markets, so the cryptocurrency is not out of it.

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