Three tickers on Bitcoin/USD shows that the 50wSMA (which has been programmed to show on the hourly time frame) is in the control of the bears. The price action didn't even reach the 50w on two of these tickers and so it seems that if you had to have a chart that was controlling you would use the coinbase chart.
Price action might still try and mount the 50 as id did around the 23rd of December but ultimately the weekly SMAs are going to continue to act as resistance. I have been watching these EMAs and posting about bitcoin being in an Elliot wave correction for some time now. See the linked post for more details beyond this quickpost
Price action might still try and mount the 50 as id did around the 23rd of December but ultimately the weekly SMAs are going to continue to act as resistance. I have been watching these EMAs and posting about bitcoin being in an Elliot wave correction for some time now. See the linked post for more details beyond this quickpost
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
