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The3eyedFrog

A rejection from 200 WMA (Red) & 50 WMA (Green)?

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Bitcoin (BITSTAMP:BTCUSD)  
The3eyedFrog Actualizado   
BITSTAMP:BTCUSD   Bitcoin
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If we see the last bull run, after crossing the 50 WMA bitcoin tested and got rejected for further downside to test 200 WMA. But this time it has already been dropped below 200 WMA and not testing it, not just that also testing 50 WMA. If it gets rejected here, would not be a good sign for bulls.
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Here what happed last cycle

snapshot
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Bearish Divergence on Daily TF

snapshot
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Even 2013-2014 cycle.. 50 WMA played its role very well

snapshot
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snapshot
First time ever in the history of Bitcoin, it is getting rejected by 50 month MA.
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Told ya!! enjoy those listened!
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Ideas relacionadas

The3eyedFrog
Rejection from 50 weekly MA.
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