Bitcoin – Fake Breakout

Hello!
200 MA/daily is a solid resistance,
200 MA/weekly is a solid support,

We can clearly see bitcoin under 200 MA/daily is bearish trend same as in 2014-15 with ~455 days of bear. We will have a move upwards 200 MA/daily this summer 2019.
This is where 200 MA/daily will act as an support.
We are now in a consolidation phase, hard to determine if it was already bottomed but clearly is possible we can retest this lows of december 2018.

Have a great day!

Published at Tue, 02 Apr 2019 17:18:45 +0000

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