BTC - MMA50 broken
Hello all,
Yesterday, the MMA50 on the BTC was providing some support :
Here is the updated chart :
As you can see, we broke the MMA50 and the drop gained in power. We could now quickly go test the support line at 8500$ or just consolidate before start a bounce. We are in the middle of the 2 lines and it is currently too risky to make a prediction. Let's follow the trend and see which direction we will take in the coming hours.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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I truly believe TA does not work in cryptos. Even If I\m wrong, here my advice:
I came to BTC in 2011. All I can say is "just calm down".
And HODL
Thank you for your input. Here's my take:
https://steemit.com/bitcoin/@benkalashnikov/3bnsbo-bitcoin-btc-analysis-update
looking at the problem from long term perspective, seems still worth holding
Hmmm...
Will this bear run ever end!!??? Oh well, silver-lining... I guess its just more time to accumulate :D Thanks for sharing your TA @cryptopassion
Yess, take this opportunity to accumulate a rebalance your portfolio. Starting April we'll see the bear going to hibernation :)
Good analysis. Hope that bounce come soon enough, because my eyes are getting tired of seeing red
Welcome @cryptopassion . I hope you enjoy here as much as I do! Nice post, I will follow your account, please follow me at @rasel49 and give a upvote to this comment.
better analysis !!!
Thanks for sharing
Yes indeedy.
It just finished testing the 4 hour 200 SMA.
Would have hoped for a bit more of a bounce, but it ain't over yet.
Hopefully it will raise soon.