BitcoinShort
BTCUSD 50MA to go below 200MA
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Concerning BTCUSD, it is safe to say that we can anticipate a big test in the coming few days, concerning the "death cross" of the 50MA and the 200MA, on the daily chart.
One cannot be sure if so will happen, but for sure only the most experienced amongst us should be willing to take on a bet in this moment.
There were several buy opportunities below 8k in the last few weeks. Bears should wait for the referred cross test, with a Stop Loss at 11.5k.
Personally, I do still expect a Fibonnaci retracement of 0.786 to 5k (with the low of 1k on 01-01-2017 and the high of 20k on 17-12-2017), waiting for buy opportunities at any level between 5k and 6k.
Concerning BTCUSD, it is safe to say that we can anticipate a big test in the coming few days, concerning the "death cross" of the 50MA and the 200MA, on the daily chart.
One cannot be sure if so will happen, but for sure only the most experienced amongst us should be willing to take on a bet in this moment.
There were several buy opportunities below 8k in the last few weeks. Bears should wait for the referred cross test, with a Stop Loss at 11.5k.
Personally, I do still expect a Fibonnaci retracement of 0.786 to 5k (with the low of 1k on 01-01-2017 and the high of 20k on 17-12-2017), waiting for buy opportunities at any level between 5k and 6k.
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