Are You A Believer In The Bitcoin Rally??? by rollandthomas

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cryptocurrencies · @rollandthomas ·
$9.13
Are You A Believer In The Bitcoin Rally???
<center>https://mentormarket.io/wp-content/uploads/2019/04/btc.png</center> <br/><p>According to a Twitter
survey conducted by crypto bull Thomas Lee, 24% of Crypto Twitter inhabitants
believe that the signal, which typically hints at a bull run ahead, is a trap
and that it is time to unload some Bitcoin. A golden cross occurs when a 50-day
moving average crosses the 200-day moving average from under on the daily
chart.</p>
<p>EToro Senior Market
Analyst Mati Greenspan opines that a bull run has been confirmed. This is based
on the fact that Bitcoin has broken the $5,350 resistance level, turning it
into a new support area:</p>
<p>As proof of the unreliability of using technical analysis to predict prices of tradeable assets, crypto trader @cryptorandyy pointed out that there had been another golden cross in July 2015, which ended with the Bitcoin price nosediving by nearly 50%.</p>
<p><a href="https://www.ccn.com/survey-says-sell-just-43-believe-golden-cross-is-bullish-for-bitcoin-price">Source</a></p>
<p>The $3000 level was a critical, psychological, round whole number that held.  However, even if that level didn't hold, the $2400 level represented a weekly demand zone...a bear trap.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-427-1024x501.png" alt="" class="wp-image-16827" />
<p>At the moment, price is between daily zones. The daily demand at $4860 is serving as the line in the sand.  If the daily supply at $5800 is breached, the daily demand at $4860 becomes the floor.  If the daily demand at $4860 is breached first, price will head lower to the $4200 level.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-428-1024x504.png" alt="" class="wp-image-16828" />
<p>

This post is my personal opinion. Iā€™m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

</p>
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<center><em>Published by <a href="https://mentormarket.io/profile/?rollandthomas/">Rolland Thomas</a>
</em></p>
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šŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 359 others
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vote details (423)
@newageinv ·
$0.09
Those are some great pivot points to watch for sure!  I think we are at or already past the bottom but looks can be deceiving!  

Posted using [Partiko iOS](https://partiko.app/referral/newageinv)
šŸ‘  
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@rollandthomas · 
I think the bottom is in as well, don't know what's going to happen to Bitcoin when the stock market crashes in the future.
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@bitbrain ·
5zrqqwu3zk
I won't be selling here, that's for sure.
šŸ‘  ,
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@rollandthomas · 
The long money will be made holding on for years to come.
šŸ‘  
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@bitbrain · 
I'll drink to that!
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