I was looking through some of the crypto news sites. I found exactly 1 article that said Bitcoin hasn't bottomed. All the others were calling a bottom and were super bullish. I was looking at the ideas posted on here. Most people think we've bottomed. Come on folks! Wake up and look at the chart.
Seriously, does that look like a bottom? No way my friends. Weekly 200 EMA (acted as our floor in 2015) is just above current price. Above that we've got the weekly 200 Weighted moving average (acted as our ceiling in the 2015 bear market) sitting at around 4800. We've also got all those trend lines as resistance.
Seriously, does that look like a bottom? No way my friends. Weekly 200 EMA (acted as our floor in 2015) is just above current price. Above that we've got the weekly 200 Weighted moving average (acted as our ceiling in the 2015 bear market) sitting at around 4800. We've also got all those trend lines as resistance.