Bitcoin is Holding on His 200 Daily sma, What Does This Mean

So BTC is holding, again, on one of his most popular moving average, the 200 daily sma . What does this mean... Well if we take example on the two last time it happened (on the 50 sma and after on the 100 sma ) we should excpect a huge drop. Generally, when the price drop and do a quick touch on his moving average and then bounce and don't come back, that's a sign of a quick healthy correction and then a prolongation of the bull run. But when the price hold on his moving average for a while and put pressure on it, it's really bearish ... And this is what we are starting to see with Bitcoin right now. So what to expect exactly ? If BTC doesn't bounce quickly and break the 50 daily sma , it's likely to drop hard... But we could see a hold on the 200 daily sma for days before it happen.

Stay tuned for more updates,

ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出