Bitcoin’s First Test of the 50 Day SMA in 111 Days

Sign up for my trade strategies at https://www.humblpay.com/financial-research Learn how to trade for FREE: /watch/0IdykWOgAJRlHK3w7wvCfsWf03YaYBkSLP=tsil&wID0pH99MR49y Today we have touched the 50 day sma for the first time in 111 days. In this time the 50 is a 270% gain. So far we have support, but there is a good chance that it will fail within the next few days. That might be scary in the short term, but I strongly believe that we’ll find our low at the 100 day sma. In a bull market I would expect that to be the bottom. Then we start in on a period of consolidation followed by a continuation of our bull trend. The altcoin market is staying pretty level since Ethereum is showing so much strength getting ready to retest the 200 week moving average soon. This could be an explosive move if we can break that line. Other alts are mixed. On average the micro caps are slowly climbing upward, but bitcoin dominance is mainly being carried by Ethereum. I’m really looking forward to another solid day for alts within the next few days. If we don’t get another push on alts, they risk falling apart. Many are in great shape, but the ones that are starting to lose their recent highs are at risk. 0:00 Intro 0:05 T-shirt Giveaway Rules 0:41 Bitcoin Update 3:31 Altcoin Market Update 5:45 Trader Life 5:59 Altcoin Highlights 17:00 Exit at a Profit All views expressed or implied in this video are my opinion and are meant for educational purposes. None of this should be taken as financial advice or advice to buy or sell any of the coins discussed. ————————————————————————————— LEARN HOW TO TRADE FOR FREE: /watch/0IdykWOgAJRlHK3w7wvCfsWf03YaYBkSLP=tsil&wID0pH99MR49y ————————————————————————————— Indicators: If these indicators help you or you are just feeling generous please send a donation. Thanks! You guys are awesome :) BTC: 35LxBrVYq2t2m3dNmB3nRhhW25yydwUqH9 LTC: MFD7rE5AYCUh521Wwg9vcNoFUihFpQWPhB DGB: Sk7zjXdZd7nWWcnnrcGwVcWREL8daBE7eC ETH: 0x412B6152cd05B331D45e22C5A4a5b2aa6396d8Cb BCH: qpnypx6u333tkzyk4fy99c2fhhtedpje5cslamzw4c DOGE: DGHHTSVHLfd1jQgtqYkmLDh8CYQZhrpnrE Calvin Moving Averages Script w/ Zones: https://www.tradingview.com/script/nF9KMmaY-Calvin-Moving-Averages/ - This is the script that has the colored background Coinbook DB/TP/QD: https://www.tradingview.com/script/xQa3UGCS-Coinbook-DB-TP-QD/ - This script shows double, triple, & quadruple from yesterday’s close ————————————————————————————— TradingView is the chart program that I use. It’s also free! Get up to $30 if you decide to upgrade to a paid plan: https://www.tradingview.com/gopro/?share_your_love=coinbook My favorite exchange is Bittrex. To open an account and support my channel please use this link to sign up: https://bittrex.com/Account/Register?referralCode=YSK-KYE-GZA ————————————————————————————— Social Media: https://twitter.com/coinbook_com https://www.linkedin.com/company/coinbook/

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