BTC/USD Daily Chart with SMA 20/50/200/300

20 thg 4, 2018

BTC/USD on the daily chart is showing bearish signals with the price dropping below the 300 SMA and staying below it for some time before recovering, however, the SMA 20/50/200 have flipped in a bearish pattern signaling a downtrend. The weekly chart however is still very bullish with the SMA 20/50/200 in ascending order. I think we may see BTC correct soon near the 300 SMA and then recover quickly to make a higher-low over the next week.