As suggested in previous post, the price of Bitcoin surpassed $45,000 and now is testing this level as support. This daily chart shows how this level is marked by the 50 Exponential Moving Average indicator. The 50 EMA is above the 200 EMA indicating the classic Golden Cross, which gives us a bullish outlook. At … Read more
These last couple of days have been quite bearish for BTC/USD. Many analysts have been extremely outspoken about the death cross (situation when 50 Moving Average crosses below the 200 Moving Average) Apparently for some chart analysts this has already happened, yet here when we use Exponential Moving Averages (which officially should be used) we … Read more
Bitcoin is gaining bullish momentum and reaching the 200 Moving Average on a Daily chart, represented by the black line in the image. This is a very important level which might be hard to break and a rejection and move to the downside can be expected. On the other hand, if the daily candle closes … Read more