Bitcoin

BTC; 200 day MA incoming

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Hello ! This is my thoughts on the current Bitcoin market state. If we truly have started a bull run, it will be very bullish to find support on the 200 day moving average, as it was a major support for the run of 2017 as well as the recent rally to 14k. The RSI being below 40 is good sign as well that buy opportunities are looming. After the support trend line broke bearish the other day, we might find ourselves coming up and testing it as resistance then further down we go if confirmed. All i can say is, I'm keeping my eye on that .5 fib and 200 ma moving average to see what reaction it provides (If we body candle close below, it might get ugly!) Happy trades everyone!

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