Yes, this aspect needs to be visited at this point of time. Never in its entire history #BTC has traded below its 200 Week Simple Moving Average. However, it doesn't mean that it cannot go below this level. What does it signify? It just suggests that a base formation may happen near this level.
At #BITSTAMP, 200WSMA of #BTC is right now @ $16717.
Moreover, retracement level of 0.786 of the entire rise of earlier cycle from $3200 odd to $19666 level also lies at #17219.
So, in my opinion, range of #17219 - $16717 going to be very significant one. An interesting point to be watched closely in time to come.
At #BITSTAMP, 200WSMA of #BTC is right now @ $16717.
Moreover, retracement level of 0.786 of the entire rise of earlier cycle from $3200 odd to $19666 level also lies at #17219.
So, in my opinion, range of #17219 - $16717 going to be very significant one. An interesting point to be watched closely in time to come.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.