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.
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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 > twitter.com/bitfinex...s/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.
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Manually stopped at $9.35 will look again in a few days. Or just forget aboout it.
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