In four of the last five cases, we rebounded from the averages, which heralded increases in Bitcoin's price. For a while now, we have gone below those moving averages, which does not seem to be any good. This is the fourth close of the weekly candle below 200 MA.
DISCLAIMER
It is not financial advice. It is only my own view of the market.
DISCLAIMER
It is not financial advice. It is only my own view of the market.
Note
Now moving averages work as a resistance.
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Disclaimer
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Related publications
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.