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RE: Coins that dont care of Todays Bloody Massacre on Altcoins Market

in #bitcoin • 9 years ago

Exactly. Thanks for the clarification. I think it helps those who may be newer to trading. I doubt we go right back to the 200 day SMA quickly, but could definitely see a bit of consolidation coming up allowing those SMAs to "catch up" a bit.

Happy trading!

9 years ago in #bitcoin by
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     9 years ago 

    Yes, in a strong bull market that would be the usual scenario for the 200 SMA test. We could form a symmetrical or ascending triangle (which bitcoin is famous for) allowing the 200 to catch up. The closer it gets, the more it supports a breakout of resistance.

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