Currently bitcoin is trading under its moving average (27). Why 27? Because it's the most accurate one looking at bitcoins history. If it manages to pass the 27 day moving average and stay over it ; it will run to 3050-3200!!
Yes at that point the once resistance level will now become a support and the longer we stay above that level it will make that support level stronger. Correct?
Whats the special about the $2,650 level if you dont mind me asking please enlighten me
Currently bitcoin is trading under its moving average (27). Why 27? Because it's the most accurate one looking at bitcoins history. If it manages to pass the 27 day moving average and stay over it ; it will run to 3050-3200!!
Oh ok thanks for the very useful information i will keep an eye of the level. Thanks again
It's still in the negative territory; if it passes the 2650 it goes positive. Because instead of a ceiling that point becomes a floor.
Yes at that point the once resistance level will now become a support and the longer we stay above that level it will make that support level stronger. Correct?
!! Perfect 😉
Great! Ill keep an eye out for those levels then when we touch those levels i will get back with you to get your thought at that time. Thanks