BITCOIN Long Term View

This is the bitcoin weekly view ( BLX chart).

We have seen that the 5800$ level acted as a good support until it was tested for the 5th time in november 2018. Now it is acting as huge resistance and it coincides with the 50 Weekly Moving Average, which also acts a resistance. Furthermore we have seen the bearish MA cross happen already (50 crossed down the 100). The long term support is at the 200 weekly Moving Average.

Published at Fri, 05 Apr 2019 09:45:36 +0000

You might be interested in …

February 23, 2018

Georgia Becomes Latest State to Consider Bitcoin for Tax Payments

Georgia Becomes Latest State to Consider bitcoin for Tax Payments Two state senators in Georgia have proposed a bill that would allow citizens to pay their tax obligations in bitcoin, marking the second legislative effort […]

April 16, 2019

Breaking: KuCoin Exchange Traders Can Now Self-Custody Their Crypto Assets

KuCoin Exchange Traders Can Now Self-Custody Their Crypto Assets Cryptocurrency exchange KuCoin has launched a feature allowing users to custody their own crypto assets while trading. For the feature, KuCoin has integrated a new technology […]

December 9, 2018

Bitcoin – Dead Cat

bitcoin – Dead Cat 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 […]