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CryptoTraderMark10
8 mars 2020 22:06

Bitcoin on the cusp of doom or glory... 

Bitcoin / U.S. dollarBitstamp

Description

Weekly chart is providing the cleanest and clearest picture. Green line is 50 EMA. See how price and market cycles have interacted with it and how it has been the gatekeeper of bull vs. bear markets since the genesis. We're sitting on it right now and also coming up to the apex of this massive triangle. AND - very notable that overall volume has steadily decreased since the late 2015 price surge to $300+ dollars. Odd. And concerning. If we break the 50 EMA, then it's not unrealistic at all to start calling for sub 5K prices. But if we hold it, this could be the last really good buying opportunity.

Commentaires
zaza994
MaxL82
FYI... you are looking volume at Bitstamp exchange… that means nothing…
CryptoTraderMark10
@MaxL82, BLX is the same. Keep trolling...

MaxL82
you have to draw curves, not lines…
CryptoTraderMark10
@MaxL82, Understood. I have another chart with curves too (below), but I think these trend lines necessarily have to be curved either.

CryptoTraderMark10
@MaxL82, Don't necessarily have to be curved, I meant to say.
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