cbassthefish

USD BTC, 1 hour chart, Bitstamp, 50/200 MA flip

Long
BITSTAMP:BTCUSD   Bitcoin
USD BTC, 1 hour chart, Bitstamp, 50/200 MA flip. Here on this chart we have 2 ellipses. The red ellipse represents a death cross where the 50 MA moves below the 200 MA. This is bad. Very bad. However the green ellipse highlights the 50 MA is about to move over the 200 MA. Conversely this is very good. Bullish.
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