Daily chart what to expect form the moving average?If we take a look at the moving averages on the market, it's clear that the 50DEMA was supportive (base-line) for the market until we reached the 64k top. After the initial crash the market drifted below the 50DMA (red line) then we had a pullback (retest). This could be a sign that from now the 50DEMA could act as a resistance instead of a support. But no worries, the 200DEMA is right there to save the bullish momentum. A lot of people sent me a few comments that the market is going up, this is one of the reason that I am shorting right now.
