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Bitcoin: Long-term momentum shifts and short-term support

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We take a dive into the 100 week and 200 week moving averages for Bitcoin, and divide the two to get a nice ratio that we can track. We investigate this ratio to identify key momentum shifts in the price of Bitcoin. We also further discuss the Bitcoin bull market support band (20 week SMA and 21 week EMA) and where we expect it to be after the upcoming weekly close. Let me know what you think of this analysis on Bitcoin in the comments!

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6 Comments

  1. So Ben if I throw in 20,000 in to let’s say eth, bitcoin, litecoin, ocean, ripple, swipe, Band, fearn finance and hodled for let say 1 year.. this should turn into let’s say $150,000 or more yeah? Does this maths make sense? Or will that just be luck and history may not repeat?

  2. nice analysis! if only we had more people paying attention to the crypto market, the bullish movement on the crypto market these past weeks has been beneficial to both the hodlers and traders alike, but more for the traders. This i can say for fact because i personally being a signal user, i was able to trade and make profit running over 56k usd, although i had guidance from Mark Jean , we all can agree it has being a good run for crypto assets. Being a signal user for a while, i can firmly say Mark’s signals are the real deal, i have made quite a lot using his signals and others as well. strictly for crypto inclined concerns Mark can be reached on <<Marktrading884@gmailcom>>

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