Bitcoin cannot break the EMA200

2019年7月3日

As mentioned before, bitcoin needs to break the new EMA200 to continue down.

Currently, when the price of the EMA200 has rebounded strongly, it is hard for bitcoin prices to fall further.

Realizing that the recent decline in bitcoin has dropped 30% in value.

Paying attention to the price of bitcoin also touched the 61.8% fibonacci level (important if broken will become a downtrend).

At this time we see a very good uptrend and EMA200, EMA100 does well for its mission.
RSI is consolidating when crossing the 50 zone.
= >> BUY Bitcoin has the best advantage.

However, keep in mind that the price of bitcoins cannot decrease / increase a circuit, but it takes time.

This time, it may be a triangle accumulation pattern or a certain pattern, but it is certain that it cannot break the EMA200 to become a downward trend.

Hope this analysis helps you trade better and achieve efficiency :)