Post
Topic
Board Speculation
Re: Two & Four Year MA's Claim It's Time To Accumulate Bitcoin
by
dragonvslinux
on 07/01/2020, 15:09:05 UTC
Yesterday we closed a Daily candle a few hundred dollars above the 2 Year MA, that was previously acted as strong resistance:



This has lasted a lot longer this time, but notably falling through the 2 Year MA hasn't followed through with capitulation, but repeated dip buying.
I'm beginning to realise this is starting to resemble more like 2016, when price fell below the 2 Year MA, but was quickly bought back up:



Admittedly, others that pointed to this correction looking more like 2016 than 2015 (exstasie I believe), now have a valid point I believe...
Kudos to them for arguing there point, even if I believe there is still further accumulation ahead: