Post
Topic
Board Speculation
Re: Bitcoin Declining.
by
1Referee
on 15/08/2019, 10:00:53 UTC
It's not a 'problem' as long as this is the low and we leave it at that, because that would mean we have another higher low.

Currently we have tested the 100EMA on the daily for the first time since we had the pump from $4000 to $5000. I think that's a very important moving average to focus on. If we do close below it, that would definitely spell a bearish trend continuation with much lower lows as result. From here it's going to be interesting to see if this was the breather the market needed, or just a temporary burden on the way down to lower lows.