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Crypto_Burger

Bitcoin will drop more today (short-term analysis)

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Bitcoin (BITSTAMP:BTCUSD)  
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BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Moving Averages 140sma Bitcoin (Cryptocurrency) BTCUSD XBTUSD BTC crypto Cryptocurrency shortterm DROP
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trendanalysis movingaverage 140sma bitcoin btcusd xbtusd btc crypto cryptocurrency shortterm drop
A simple chart showing the 1hr chart of BTC combined with the 140 SMA .

As you can see everytime we close a candle above/below this line we have a pump/dump.

10 minutes ago we closed a candle below it, so I do expect the price drop to continue today as well.
Comentário:
Well this was one of those times when it was only 1% below. The moment it closed a 1hr candle above the 140 SMA I closed my short and went long, so it was still a very good indicator given the explosion that BTC did after that...
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