Monday Bitcoin Analysis - 2018-02-12
Monday Bitcoin (BTC) Analysis - Feb 12th, 2018
The strategies discussed below are suitable for swing traders.
Still in bear area
Bitcoin, being below it’s 200 EMA and having both MACD signal and main below zero mean that bitcoin is still in bear area. The last week price movements that tried to break the 200 EMA was also failed to break it solidly.
But has positive signs
The hammer-like candle at February 6th is a good sign of reversal, especially because it’s touching the support line. MACD signal and main, although still below zero, has crossed for a bullish sign.
Conclusion
Bitcoin is still in bearish area although it has positive signs. For Bitcoin to enter the bullish area it needs to at least above the 50 EMA solidly.
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BTC
ETH
LTC
DOGE
XMR
BTC : 1HqYTjRdZvss32vDrp1T8gRAXTgdqfZ6VS
ETH : 0x1fc22bC528ceE3DaA39555269b70e287dda9aE3E
LTC : LdEiGzjcG36EoZoezDu6rZmdwVcSJHazfr
DOGE : DMYx1w5Sr4uoMnNWymn5nMpCuySSr178TA
XMR : 46QngrRwYgAbQJzW2ZJZ8HEuirkUW2bw84ajWhk73DLG8iT9NqgfzSU4ddRZbeAaLgFeL6gAxzVtGZPHJhFmCDXF3ZEwimT