Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 12) --> +45%

7 May 2018

Welcome to the 12th installment of my analysis series! We ended our long segment earlier today when our price crossed beneath the moving average. The MA was still ascending, so we may be seeing a buy-in above our sell, but remember that we're minimizing our risk using this strategy. We're tracking the following key statistics along our trade:

Segment 6

• 05/02/2018 - BUY $9,200
  
• 05/06/2018 - SELL $9,600
  
• TBD - BUY TBD
  
• Beginning ($): $13.950
  
• Ending ($): $14,500
  
• Beginning ( BTC): 1.51
  
• Ending ( BTC): TBD
  

This is a short-term short, I'm long-term bullish on BTC! Stay tuned for updates, I'll be posting them below!

8 May 2018

Not

As of now, our price has fallen to our previous buy of $9,200! We captured the $400 gain that has now been lost. We also have a lot of distance between the MA and the current price, let's hope we stay within this descending channel!

9 May 2018

Not

Watch closely! The RSI has leveled back to normal and the MA is getting close to a slope of 0. Look for a buy opportunity here shortly!

12 May 2018

Not

We're still looking at a steep price descent with level RSI. Expect this trend to continue! Our sell at $9,600 looks pretty good right now!

14 May 2018

Not

We're still in a nosedive here, stay short until the MA levels out!

14 May 2018

İşlem aktif

And we're in at $8800. We're seeing RSI right in the middle and the MA leveling out. I'll wait until posting a follow up just in case we continue to fall.

14 May 2018

Not

We're using $8,600 as a stop, check out the breakout we just saw.

14 May 2018

Not

Still pretty volatile here, setting $8,500 stop because the MA looks like it's leveling out.

19 May 2018

İşlem aktif

We've fallen a bit in price and took a $300 hit, but are in at $8,300! I'll be posting an update shortly!

19 May 2018

Not

Long position posted here!