BitcoinLong
Bitcoin - Fake Breakout
Updated
Hello!
200 MA/daily is a solid resistance,
200 MA/weekly is a solid support,
We can clearly see Bitcoin under 200 MA/daily is bearish trend same as in 2014-15 with ~455 days of bear. We will have a move upwards 200 MA/daily this summer 2019.
This is where 200 MA/daily will act as an support.
We are now in a consolidation phase, hard to determine if it was already bottomed but clearly is possible we can retest this lows of december 2018.
Have a great day!
200 MA/daily is a solid resistance,
200 MA/weekly is a solid support,
We can clearly see Bitcoin under 200 MA/daily is bearish trend same as in 2014-15 with ~455 days of bear. We will have a move upwards 200 MA/daily this summer 2019.
This is where 200 MA/daily will act as an support.
We are now in a consolidation phase, hard to determine if it was already bottomed but clearly is possible we can retest this lows of december 2018.
Have a great day!
Note
I am really scared to see this big up trend, we definitely will see a correction!This must be a consolidation period between 6k and 3k, to lately broke 6k end of year or 2020
Note
Note
I was wrong (still need some tome to be sure) about this last post i thought 200MA daily is a resistance as previous months did, in this case we already broke upwards 200MA, but need 1-2 months to stay above it if not it will drop to 4200-4400 to retest his supports!Note
Soo April was a positive month for bitcoin lets see if May and June will stay above 50MA, i am more downside in summer as previous trends on Bitcoin.Note
4000-4200$ can be next supportTrade closed manually
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