RS-Trading

Bitcoin Moving Averages

BITSTAMP:BTCUSD   Bitcoin / Dollar
The 10MA and 50MA are currently at a bearish dead cross.
The Bollinger Basis line is 20MA and price is below all these Moving Averages which is still bearish .
If the daily closes above $14800 and price stays above these moving averages we are back in bullish territory again.

In last years Bullrun the 50MA was often a Support during market crashes and Bitcoin             was almost always above the 10MA which was extremely bullish .



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this is the current ETH chart, looks similar and the dead cross may be possible
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