Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
rebal15
on 23/10/2019, 20:58:03 UTC
Quote from: teosanru on October 23, 2019, 08:37:08 PM
Quote from: El duderino_ on October 23, 2019, 08:20:29 PM
Quote from: whiteboy420 on October 23, 2019, 08:14:46 PM
Quote from: whiteboy420 on October 18, 2019, 08:30:36 AM
Instead of getting margin called.



As much as bitcoin may look like a buy, upside momentum is still zero.

Worse than zero.

Negative zero.

Momentum is bearish.


Actually just saw the daily chart this might just be whiteboy420's opinion but the charts say a similar picture. We are having a pretty bad situation on the charts. The 50MA is intersecting the 200MA from above which actually shows a negative momentum. We are atleast going around to 6800 ranges which is support from 50MA on weekly charts. Here you can see. It's called the death cross.



Read more about the death cross here https://www.investopedia.com/terms/d/deathcross.asp

Where is JJGI, JayJuanGee Indicator, in the chart. when he is a real man, BTC is at the bottom. When he switch to a kind bot, bull market. angry bot, bear market. It is the best indicator for TA.