![]() As I’ve already said most of this has been going against the fundamentals as we nearly lost that 200 EMA in one of the previous ideas and I told you guys that we we’re at THAT point where we would need Bitcoin to hold it’s support. Hey guys! Wishing well as always! You already know what we’re about to do so let’s dive! □Bitcoin ain’t given up at all and this has been one hell of a week no doubt with both BTC/ETH up 20% alone. BTC has a number of daily new addresses of 420956, up 15.21% from its value day prior.īelow is a trading comment entitled ☄️ BITCOIN AIN’T GIVEN UP! ☄️ you may find interesting:.For BTC, its average transaction value is now at 11.8827.Over the past 29 weeks, the trend for BTC’s daily transaction count has been choppy and unclear. ![]() The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment - meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.This move is a reversal from the day prior, which saw price move down.At the time of this writing, BTC’s price is up $60.77 (0.26%) from the day prior.The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment - meaning the shorter durations are above the longer duration averages, implying a sound upward trend.īitcoin’s hourly price chart is shown below.If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.This is a reversal of the price action on the previous day, in which price moved down.At the moment, BTC’s price is up $61.05 (0.26%) from the day prior.
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