With every rip there is a dip. That is why we sell rips and buys dips. Bitcoin is dipping today and dipping hard.
Price extension and moving averages as a guide
I often talk about the 10 day moving average because it is my favorite short-term moving average and I have found it a good guide for when price gets too extended on a coin.
When that happens it becomes my target for the pullback (or bounce). Sure enough the price of BTC behaved accordingly and just spike down to it before finding some legs at the time of these writing.
Now, I expect
Bitcoin Reverts Back to 10 Day Moving Average – Surprises No One
June 27, 2019
Published by timm
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