#Bitcoin Technical Analysis ~ Holding The Moon's Hand ~ BREAKING NEWS! FCA Law & Mt Gox
In this #btc ta video I look at the price of BTC versus USD and propose two potential zones for the price to go to next when we stop consolidating and link that with the higher time frames to see how that would look. I also hold the moon's hand, which is nice of me. I then look at the news from the FCA in the UK with regards to crypto assets and derivative trading and the Mt Gox rehabilitation of 150,000 btc. How will this all affect the prices? Well, as ever, the truth can be found in the #btcusd chart with appropriate risk management.
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https://www.tradingview.com/gopro/?share_your_love=Rocky_OutcropIn this episode we look at BTCUSD and I tell you all you need to know.
Using moving averages, oscillators such as the RSI, Stochs and MACD to explain the current trend..
Exponential Moving Averages:
Yellow Solid Line = 21
Green Solid Line = 55
Cyan Solid Line = 144
Purple Solid Line = 233
Simple Moving Averages:
Red Dotted Line = 55,
White Dotted Line = 233
Oscillators:
RSI + Ema,
Stochastics
MACD
I am not a financial adviser none of this is Financial Advice.
Of course this is all speculative and mostly we are concerned in the Rocky Outcrop community with managing risk, people don't go bust taking profits! Keep it simple, never risk anything you can't afford.
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https://www.youtube.com/watch?v=Qs203mF_as4