Bitcoin bulls beware! BTC price must keep the 200-week moving average in play, says MI_Algos.
A lack of bid liquidity formed a major point of concern, with the largest cohorts of whales abstaining from the market.
“IF there is a bullish case to be made, it's that price over shooting technical R & S has been the norm in #crypto, and that price is currently back above the 200-Week MA,” part of analysis after the lows“Perhaps the most neutral thing I could say is that consolidating in this range would be healthy because it would give the market the chance to decide whether it wants to continue distribution or flip to accumulation and that would add validity and strength to whatever the next move is.
Material Indicators continued that the 200-week MA remains a key line in the sand when it comes to the bullish thesis going forward.“If we continue to see a lack of bid liquidity and a lack of buying from the purple and brown whale classes it will lead to more downside. Any sustained breach back below the 200 WMA invalidates any bullish dream of a breakout.”This article does not contain investment advice or recommendations.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bitcoin, Ethereum Technical Analysis: BTC Plunges Under $27,000, Hitting 7-Week Low – Market Updates Bitcoin NewsBitcoin fell to a seven-week low on May 12, as prices dropped below the $27,000 level in today’s session. Ethereum fell below $1,800.
Consulte Mais informação »
Score this DeWalt ratchet set for less than $25 at Amazon - AutoblogThis Dewalt Drive Socket 25-piece set is one of the rare occasions when something is both good quality and inexpensive.
Consulte Mais informação »
Qing dynasty jars bought for $25 at thrift store could fetch over $60,000 | CNNA pair of jars purchased as part of a batch of ceramics from a London thrift store for £20 ($25) actually date back to the 18th century Qing dynasty and could sell for up to £50,000 ($62,700).
Consulte Mais informação »
Our review of affordable haircare products and brands to buy under $25You don’t have to pay top-dollar for salon-quality hair.
Consulte Mais informação »
Judge Rejects Complaints Over $25 Million Settlement in MoFi Class Action SuitA judge has rebuffed complaints over the proposed settlement reached in the Mobile Fidelity Sound Lab (MoFi) class action lawsuit, which sprung out of a major audiophile controversy last year.
Consulte Mais informação »