So, Let's review the current Bitcoin movement VS the previous bull season.
Before I should remind you something ;
Weekly open –close above MA 20 ( bullish trend )
Weekly open –close below MA 50 ( Bearish trend )
Super Bullish : The candle is above MA 20 ( Daily )
Bullish : MA 50 Above MA 100 ( Daily )
Bearish : MA 50 below MA 100 ( Daily )
As you can see the current chart, Bitcoin has been super bullish since Feb 8, 2019. Since then , It hasn't touched the MA 50.
From October 10 , 2015 to March 12, 2018 , Bitcoin was always above MA 200 ( 1D chart open close ) .
More details? Here you go!
- It touched once MA 200 From October 10 , 2015 to March 12, 2018
- It touched only 17 times to MA 100 From Jan 1, 2017 to ATH ( Dec 17, 2017 )
- It touched 73 times times to MA 50 From Jan 1, 2017 to ATH ( Dec 17, 2017)
- It touched countless times to MA 20 From Jan 1, 2017 to ATH ( Dec 17, 2017)
Are you a new Bitcoin Investor? And Dont you know where to buy?
First, Open your trading-view account, Insert MA 20 , MA 50 , MA 100, MA 200.
If MA 20 is above MA 50 and The candle is above MA 20 . That's awesome!
" You are getting ready to buy BITCOIN as long as MA 50 IS ABOVE MA 100 "
Buy bitcoin but where?
The answer is so easy! Buy BITCOIN when it touches MA 20 , MA 50 and MA 100
If you are really lucky, You can even get a change to buy BITCOIN when It touches MA 200.
As you know, The moving average is changing everyday, You should check the charts.
Since April 22, 2019 Bitcoin 1D candle is above MA 20 , MA 50 , MA 100 and MA 200. At the same time MA 50 is above MA 200.
The Best buy levels were when It touches Moving Averages lines. It means $5200, $7800 , $8200 . $10200.
NEVER TOUCHED TO MA 50 , MA 100 AND MA 200!
MA 200 is at $5500
MA 100 is at $7200
MA 50 is at $9100
MA 20 is at $10300
As a result? Dont FOMO and FUD.
If you are following me on Twitter ( If not You are doing so wrong - cryptoengineers ) , You can see that I sold a lot of my bitcoins at 11,300 (shared on twitter on Jun 23 ) and 13,750 ( On Jun 26 )
Not planning to buy sometime soon! Unless Bitcoin is above 11,500 open close on 1D chart. I am also buyer at $9300 ( around MA 50 ) , at $6800 ( around MA 100 ) .
I was targeting below $5000 are in May but I am not right now. Because MA 200 is already at $5500 ! Below this level, It will so bad for all crypto community.
There is no overnight success in crypto trading. It takes some time to win big.
But at least, You can learn step by step to win by following Moving Average Strategy.