This is for personal use to see the importance of Moving Averages. With the idea that the 200 day MA is important to how these charts move.
The 20 and 50 day Moving Averages are crossing today. I am going to look to open a short somewhere here, hopefully I can catch $9. The target will be between $4 and $5
- I will keep a tight SL with this for now at $9.44 why? because news can have a positive effect on things > https://twitter.com/bitfinex/status/963103151132954631 I still think it needs to correct to the 200 MA (White) Much like I think ETH has to do the same. See the linked chart below for ETH.
Manually stopped at $9.35 will look again in a few days. Or just forget aboout it.