An overview on the current situation of Bitcoin.

avatar
(Edited)

This post is only for entertainment purpose, i'm not a financial advisor.
Do your own analysis before investing any money.

Although I'm not a professional analyst, I've been following the charts a lot and doing my own analysis. And I thought it would be interesting to share the knowledge with everyone. Hope you like it.

Lately BITCOIN has been in a very favorable buying zone for long term holding, historically whenever it reached the 200 Week Moving Average it meant the bottom of Bitcoin.

image.png

Although this is an important data, for the first time in BTC history we are below the 200WMA support, which does not invalidate this buy zone for long term holding, but it also means that prices could fall further.

image.png

The red zone represents all values below 200WMA.

In this post I just wanted to give an overview of the current situation of Bitcoin, in the next posts I will focus more on the daily chart. I hope you enjoyed.

logo.png

Posted Using LeoFinance Beta

leofinance bitcoin proofofbrain crypto trading neoxian ocd palnet
0
0
0.000
4 comments
avatar

Legal, obg pela dik de investimento, vou encher a pata.
untitled.gif

0
0
0.000
Reply
avatar

Pq ninguém lê os avisos!? 😩

untitled.gif

0
0
0.000
Reply
avatar

Congratulations @endrius! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You distributed more than 3000 upvotes.
Your next target is to reach 4000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

The Hive community is in mourning. Farewell @erikasue!
Support the HiveBuzz project. Vote for our proposal!
0
0
0.000
Reply