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Moving average analysis in Bitcoin

BITFINEX:BTCUSD   Bitcoin
In these days, I analyze BTCUSD in aspect of Harmonic Pattern.
However, I think the most important signal is Moving Average.
In the left side, it is today's BTCUSD chart.
As you can see, MA arrangement is not good.

A year ago, the right side chart, BTCUSD 's MA arrangement is really good.
20 MA > 60 MA > 120 MA > 240 MA
This arrangement is one of the most significant signals for big movement for BTCUSD .

I actually analyze BTCUSD will go up to 17~18k level.
In aspect of Harmonic Pattern, yes.
Nevertheless, it would be really unbearable for many people.
There would be many big bounces to make us unhappy.

If you are looking for long-term investment without any fear, wait and find out this kind of MA arrangement.
It is not too late to buy BTCUSD at that time because BTCUSD would be higher than 2017.

One more thing..
There are many various technical analysis, but many people forget the significance of the MA.
Other indicator are also important but MA is really intuitive but unnoticed.
Once again, MA is important.
Feragatname

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