Bought the breaks to the bottom Sold the breaks to the top
The Daily BTC:USD Bitstamp chart shows some interesting points that we should be watching. Despite the dip below the channel (red lines), we closed in a hammer yesterday, which is a great sign for the bulls. That being said, looking at the 200 Day EMA (curved, darker blue line), we posted the bottom of the hammer body on that line, providing support. Looking at...
Despite my longer term bullish position on the crypto market as a whole, I am currently short BTC as it looks for a bottom. While we still remain in a massive bull flag, the 50 day EMA (Red line in cloud) has started to curve down, and the 200 day looks as it will be flattening soon. Looking for support at the 200 day EMA in the next few days. With the US...