Bitcoin weekly chart, Oversold, 200WMA bounce [BTFD]

Bitcoin weekly chart, Oversold, 200WMA bounce [BTFD]

Some quick but important analysis on the weekly chart of bitcoin as we enter the middle of December 2018…..

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We also have some spots FREE in our group, please get in touch about locking in your spot before the price rises in 2019, only 0.01BTC p/m for signals, guidance, more ideas and charts then we give in the free telegram groups, please contact @majoraussie either with PM or in our telegram groups…..

So what is the weekly chart showing us exactly?? its simple but powerful….

Firstly, Bitcoins weekly chart has gone into oversold condition, shown on RSI’s and Cycle of Power indicators, this is first time CoP is showing this in BTC’s weekly history.

Secondary, we have the last candle bouncing from the 200 weekly moving average shown by the thick green line which is a key level of support.

bitcoin still has bearish momentum and we are headed for another few months of lows but we could see a possible correction and ranges until end of January 2019

Cheaper bitcoins will bring in some good plays and were counting on having those plays ready for you as they come along

In our telegram groups we will have prices, levels and updates on bitcoin so please join us there or leave questions and comments below

have a smashing festive period whatever ya belief’s and lets get some cheap bitcoins thanks to the lovely Xmas FUD, FOMO and Cheer 🙂

Published at Sat, 08 Dec 2018 02:45:50 +0000