Post
Topic
Board Economics
Re: What is behind the past few days of rally?
by
arpon11
on 06/08/2019, 07:00:29 UTC
It is all green candles. Up up up. Why? Is there any news to shed some light on this? The price will probably fall fast now. I think this green streak is not going to last for long.
On 28 or 29 July bitcoin find a bottom just the same way it happened in February this year and it is a trend reversal signal! I have been following my trading indicators and I make a post here that "the 50moving average is the only resistance bitcoin has to create another moon and that happens on Friday last week. Since then it has been moving up and it will soon cross $15,000 maybe by the weekend as the is not strong reasons why this should not happen.