Post
Topic
Board Trading Discussion
Re: Is the bear market over? Important Weekly close!
by
calya
on 14/05/2019, 12:29:31 UTC
Last few weeks have been quite bullish for BTC.
As of 6 April BTC had a Weekly close above 50 MA, which is a very significant level for BTC.


Is the MA Simple or Exponential MA? I like to try it on other pairs too

Yes, certainly the bull run most of us went into prayers for is finally here. I know some weak hands are selling off in panic thinking a bubble is likely at this time. Well, we are likely to have corrections from time time but not a dip like we had again. It's now moon time.

You can see it on top left its MA (Simple moving average).
No, it's not indicated top there. You only have MA which simply is a Moving Average. MA could be Simple, Exponential, or Smoothed. But I got your point. Thanks.
This is how TradingView are showing moving avarages.
In the img below: EMA - exponetial moving average
                           MA - simple moving average
                           SMMA - simple moving average smoothed

overall we see bitcoin candle close above moving average.and if we see based on support and resistance concept its break key resistance on around $5900 and we see now price continue its movemen.,maybe we will see correction on around $8400