BTC has spent the year crashing toward the 200 MA. This demonstrates bearish momentum, chasing volume out of the market. Feb 6 represented more inflow to coinbase/GDAX.
Now that all moving averages are surging to hit, and go beyond 200 MA, all signs will point to bullish for a long while. There will be pauses in the index, but it will go upward. There are only a few seats left for Bitcoin at 9K. You will wish you had some in the coming months.
I like to paint the index with three indicators, a 200, 50 MA and a 34 EMA. The hot blue is the EMA, and it acts as a trigger, pointing to short term momentum. I substitute these indicators instead of running MACD, and I keep the Bollingers off unless I am in a bear market, trying to buy bottoms, short term. I expect the Bollingers will be off for some time.
Good luck, happy hunting. You earned it, being patient waiting for BTC to recover. Now's you turn to buy in on some moving currency. Expect upward moves until May 12, then it will crumble until June 1, if history is guide. Now is your discount until June 1 period, where discounts will return.
Now that all moving averages are surging to hit, and go beyond 200 MA, all signs will point to bullish for a long while. There will be pauses in the index, but it will go upward. There are only a few seats left for Bitcoin at 9K. You will wish you had some in the coming months.
I like to paint the index with three indicators, a 200, 50 MA and a 34 EMA. The hot blue is the EMA, and it acts as a trigger, pointing to short term momentum. I substitute these indicators instead of running MACD, and I keep the Bollingers off unless I am in a bear market, trying to buy bottoms, short term. I expect the Bollingers will be off for some time.
Good luck, happy hunting. You earned it, being patient waiting for BTC to recover. Now's you turn to buy in on some moving currency. Expect upward moves until May 12, then it will crumble until June 1, if history is guide. Now is your discount until June 1 period, where discounts will return.
