Bitcoin moving average cross

23 Eyl 2019

Bitcoin is consolidating in the meme triangle, easy to get chopped trading against the algos. Declining volume and PA on shorter time frames suggest a move to the downside. It's too obvious. Strip out all the price action and focus on the bigger picture, we are about to get a 3day cross of the 100/200 moving averages which will put us into a full 3 day technical uptrend for the first time since 2017. Then we need the weekly to follow, might not happen until late November, once it does, it's full bull.