chincrypto

Dangerous Call On The Weekly

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BITSTAMP:BTCUSD   Bitcoin
Beware of the 100ma and 200ma that are about to cross. I know that Moving Averages are so called "Lagging Indicator', but see it for yourself. This could turn even more bearish and might confirm the actual bearish bias even more. This does not mean it stays that way for another 2 years, no. This is just what we have to expect after the long bullish trend we had until May, and as a matter of fact it just confirms the Major Correction Phase, or just call it an accumulation phase before we head straight to Mars.
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TITLE CORRECTION: ON THE DAILY, NOT WEEKLY*

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