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9018258 No.9018258 [Reply] [Original]

Just a small head's up, in case BTC starts to dump and breaks the 200 EMA there's no real support until 8070.

What I'm saying is, it might not be the worst idea to take profit of longs now and chill until we know if 200 EMA holds.

>> No.9018285

Dumb newfag here. What's 200 EMA? I'd be very thankful for an explanation.

>> No.9018310

>>9018285
EMA stands for exponential moving average and the number is a timeframe. EMA pulls the price data of the timeframe and turns it into an average, while weighting later entries more. 200 EMA on the daily chart is one of the most important trendlines in trading and BTC just broke above it, which indicates that we have entered into a bull market, but only if we don't fall below it again. Hope that helps.

>> No.9018376
File: 6 KB, 200x201, 1506348748818.jpg [View same] [iqdb] [saucenao] [google]
9018376

>>9018258
THAT'S FUCKING RIGHT!
JUST DUMP IT ALL NOW BEFORE IT'S TOO LATE!!!
>SELL SELL SELL SELL SELL SELL SELL SELL
SELL SELL SELL SELL SELL SELL SELL SELL
>SELL SELL SELL SELL SELL SELL SELL SELL
SELL SELL SELL SELL SELL SELL SELL SELL
>SELL SELL SELL SELL SELL SELL SELL SELL
SELL SELL SELL SELL SELL SELL SELL SELL
>SELL SELL SELL SELL SELL SELL SELL SELL
SELL SELL SELL SELL SELL SELL SELL SELL
>SELL SELL SELL SELL SELL SELL SELL SELL
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>> No.9018388

>>9018376
That's not what I said, go be autistic somewhere else.

>> No.9018435
File: 125 KB, 637x476, 1509315746842.jpg [View same] [iqdb] [saucenao] [google]
9018435

>>9018388
Fuck you! Just dump it already!
>SELL SELL SELL SELL SELL SELL SELL SELL
SELL SELL SELL SELL SELL SELL SELL SELL
>SELL SELL SELL SELL SELL SELL SELL SELL
SELL SELL SELL SELL SELL SELL SELL SELL
>SELL SELL SELL SELL SELL SELL SELL SELL

>> No.9018481
File: 39 KB, 500x387, PUMP IT.jpg [View same] [iqdb] [saucenao] [google]
9018481

>>9018258
He sold or tethered?

>> No.9018494

>>9018310
SMA's better

>> No.9018557

>>9018285
1 day 200 ema is 8600