Not reclaiming the 50D MA would be very bearish for 
BTC in the midterm, in my opinion.
This could be good for alt-coins, but based on the confluence this cycle, I don't see this benefitting anything in crypto beside shorts.
BTC in the midterm, in my opinion. This could be good for alt-coins, but based on the confluence this cycle, I don't see this benefitting anything in crypto beside shorts.
Note
BTC broke up against the 50D moving average.Interesting to see if this was the dip. Personally I don't believe weekend price action.
Note
Took profits from the short. Rangebound here I assume for now.
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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.