BTC Breaks Through MA120 and Turns Resistance Into Support. Online: Watch for a Move Higher; If It Breaks Down, Reduce Position to Protect Profit
According to the 【Moving Average Trading Strategy】, BTC closed on August 17 breaking above the MA25 moving average, turning the trend to bullish. On August 19, it also broke above the MA120 moving average resistance (resistance turned into support). Online: Look for a move higher; if it breaks down, reduce positions to protect profit. If it falls below the MA25 moving average, it will turn bearish. Bitcoin #比特币 BTC #BTC $BTC
ETH is the same way. #Ethereum Ethereum #ETH $ETH
HYPE broke above the MA25 moving average on August 13’s close, turned bullish, and since then all closes have been above MA25, so the trend is bullish.
#HYPE $HYPE
According to the 【Moving Average Trading Strategy】, BTC closed on August 17 breaking above the MA25 moving average, turning the trend to bullish. On August 19, it also broke above the MA120 moving average resistance (resistance turned into support). Online: Look for a move higher; if it breaks down, reduce positions to protect profit. If it falls below the MA25 moving average, it will turn bearish. Bitcoin #比特币 BTC #BTC $BTC
ETH is the same way. #Ethereum Ethereum #ETH $ETH
HYPE broke above the MA25 moving average on August 13’s close, turned bullish, and since then all closes have been above MA25, so the trend is bullish.
#HYPE $HYPE
