BitcoinShort
Bitcoin 2014 vs. 2018 weekly 50 MA breakdown analysis
Bear case: I can see a small recovery rally reaching ideally 7050 level before next major move down below 5k if we play out in similar fashion to 2014 but on a faster timescale.
Bull case, we need to really get above and close well above weekly 50 MA. So far I don't see any indication as the wyckoff spring that we could have formed was higher volume than necessary so this looks really overall much more bearish.
Bull case, we need to really get above and close well above weekly 50 MA. So far I don't see any indication as the wyckoff spring that we could have formed was higher volume than necessary so this looks really overall much more bearish.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.