wOw, if you look at the downward sloping trendline that I've colored blue, you'll notice it's the top of the descending triangle we were trading in before the capitulation around sept 23rd. Right when the FED launched QE 4EVER & loaned a Bank charged under the RICO 52 Billion dollars in one night, probably to short Bitcoin in fear of what Bakkt would do to the price.
Anyway, Bitcoin jumped over that 200 Day MA, but we will stay over? Anytime Bitcoin has been in a bull market throughout its history its traded above the 200 Day MA.
Time will tell per usual.
Anyway, Bitcoin jumped over that 200 Day MA, but we will stay over? Anytime Bitcoin has been in a bull market throughout its history its traded above the 200 Day MA.
Time will tell per usual.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.