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Jameve
Dec 17, 2014 12:39 AM

Will classic EMAs predict another large drop? A mid term look. 做空

Bitcoin / DollarBitfinex

描述

This chart is inspired by @DrewR , particularly this chart tradingview.com/v/F0a9HHft/

Is Bitcoin in for another large ~45% drop? Sure looks that way. 300-315 still a key zone to watch, but bears are invigorated with a recent break of a key low, 340. 10/21 EMAs have had a good track record since the November 2013 rally. 1st touch/cross = reversal soon, 2nd cross = reversal. Also Litecoin has broken all post November 2013 lows which may give further indication that Bitcoin is in for a deep dive.

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