What up guys!
Let's get straight into it:
We had some fantastic green candles in the last days, however what goes up, must go down and test support.
In case of that, we stand a good chance of Bitcoin testing the 100-MA support-level.
It also fits perfectly with the 0.618 Fibonacci retracement level. So support should be pretty good at this level, but time will tell.
A generally bullish indicator in this still bear market is the crossing of the 50-MA over the 100-MA.
Though they both still are under the 200-MA. In case of a succesfull crossing, we confirm some more bullish indicators.
As always just invest what you're willing to loose.
Peace out!
Monsi
Let's get straight into it:
We had some fantastic green candles in the last days, however what goes up, must go down and test support.
In case of that, we stand a good chance of Bitcoin testing the 100-MA support-level.
It also fits perfectly with the 0.618 Fibonacci retracement level. So support should be pretty good at this level, but time will tell.
A generally bullish indicator in this still bear market is the crossing of the 50-MA over the 100-MA.
Though they both still are under the 200-MA. In case of a succesfull crossing, we confirm some more bullish indicators.
As always just invest what you're willing to loose.
Peace out!
Monsi