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RE: BTC trading daily thoughts - Still looking bullish to me.

in #cryptocurrency7 years ago

Compare against the 200 & 155 SMA or SMMA on trading view not EMA, big money is protecting the 200 and looses interest at the 155.

I made a call of the bottom 2 weeks prior to hitting it using the 200 SMA as the bottom, basically my next call is when either the 155 SMA is broken or converges with the 200 SMA we will see a break out. I speculate it will be upward but this really depends on news that may be circulating, yet if you follow the 200 SMA back through history it is always defended with huge buying power. Often the 100 SMA is the first line of defence which with this last fall we saw resistance at 100 but quickly fell to 155 then to 200 where we finally met real buying power!

Now we sit between the 155 & 200 in bull territory.

Check my Post Here for the chart.

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