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RE: China Bad, Bitcoin Good [Tech Analysis Part 2 - Moving Averages]
Similar to what happened in 2014 Bitcoin has crossed below 50 day EMA recently. Is this a sign of a downtrend for the coming months? Awesome post, I learned a lot :)
Yes it's hard to say. Earlier in 2017 we had another price crossover below the 50 day EMA, but it rebounded strong to new highs. We'll see this time around. Hopefully it stays above 3,000 or at least above the 200 day EMA.
Thank you for the clarification