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RE: [dtube] Will Cryptocurrencies Suffer a Multi-Year Bear Market?
I agree, looking at the 200 sma as a bottom since historically this has been correct currently 6k. The longer it takes us to hit the 200 sma the lower it will get as its now turned down, a month or so would be 5kish I believe.
Prices already blew through 200 day SMA, on the way down
https://steemit.com/bitcoin/@davebrewer/hodlers-can-be-uninformed-morons-do-you-understand-you-are-not-buying-lottery-tickets
That’s ema not sma, trading view its smoothed moving average. Smma 100 9k ish and 200 6kish, I am no expert but it seems to hold true.
