Bitcoin (BTCUSD) just took out EMA100 after easily conquering EMA50 (yellow).
As can be seen in my previous analysis below, MA200 is the next target after EMA100 has been conquered: Bitcoin Challenges EMA50, Aims At $9248 or MA200, Possible?
EMA200 is already in play (brown line) and Bitcoin is only gaining in momentum... We go with the trend.
The Bitcoin Bulls Are In Full Control!
Namaste.
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Crypto Total Market Cap Gains Momentum, Aims At 241 B
Altcoins Market Extreme Bullishness | 24%+ Growth In Days!
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- General Bitcoin & Altcoins Market Update And Prediction For 2020
what do you think, can this be a crucial moment for small alts as they have just started showing signs of recovery and rise of btc at the same time can make them at the below or same level as before?
Looks very possible. Would be interesting to see if there is a correction in PRICE or TIME after testing MA200. A correction in time could lead to a death cross forced to turn into a golden cross by halving (thereby completing the accumulation/ pre halving running). Anyways taking some profits at MA200 is always good. Cheers from Chicago Brother.