Bitcoin Closed Under Its 200-Week MA For The First Time Ever
It made a valiant effort to come back today but chances of it getting from 17k to over 22k was slim.
So, for the first time in bitcoin's existence, it closed decisively under the 200 week simple MA.
It did come pretty close to bouncing off that long term trend line though. Not pictured here is the weekly RSI is now more oversold than its ever been. The technicals and sentiment are certainly there for an unexpected rally.
I think one thing we need to remember when we are looking at bitcoin charts though is that bitcoin has never seen an economic downturn. All those 80%+ dropoffs before happened for crypto-local reasons. This is a different beast and its acting that way. Case in point, this close under the 200-week.
With all that said, my guess is the fed pivots sooner than most people think. Hopefully it's not too late then.
Posted Using LeoFinance Beta
Thats a pretty big milestone in bitty history. The gov trying to tame things is a big influence. Dum dums like elizabeth warren. Following traditional markets too though, many factors. Solid analysis brotha.
!PIZZA
It may take a while to sort out.
!LOLZ
!PIZZA
!PGM
!MEME
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-2.5 BUDS-0.01 MOTA-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
Credit: ayesha-malik
Earn Crypto for your Memes @ hiveme.me!
lolztoken.com
Tell a women you love her.
Credit: reddit
@imno, I sent you an $LOLZ on behalf of @brianhuang
Use the !LOL or !LOLZ command to share a joke and an $LOLZ
(2/10)
More time than I'd like probably.
!WINE
!PGM
Congratulations, @imno You Successfully Shared 0.100 WINEX With @brianhuang.
You Earned 0.100 WINEX As Curation Reward.
You Utilized 1/3 Successful Calls.
Contact Us : WINEX Token Discord Channel
WINEX Current Market Price : 0.275
Swap Your Hive <=> Swap.Hive With Industry Lowest Fee (0.1%) : Click This Link
Read Latest Updates Or Contact Us
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-2.5 BUDS-0.01 MOTA-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
PIZZA Holders sent $PIZZA tips in this post's comments:
@brianhuang(2/10) tipped @imno (x1)
Learn more at https://hive.pizza.