Don't forget to subscribe and hit that notification '🔔' & visit our base camp at
Bitcoin: BTC Might Have Already Topped Out (February 2020)
Bitcoin continues to trade below $10k and the probability of a decline has now increased further with the bearish outlook of the stock market becoming more and more clear. Concerns over the Coronavirus outbreak in Europe has taken the markets by storm and we saw the S&P 500 (SPX) close below the 50-day moving exponential moving average for the first time since the beginning of the year. This is a major development and it indicates that we might see a similar reaction in the cryptocurrency market sooner rather than later. BTC/USD has closed below the 50 EMA on the 12H chart but we have yet to see a decisive move to the downside.
Read the featured article here:
Today's video was created using Crypto Daily Charts.
These charts can be accessed by visiting and they're FREE to use.
As many cryptocurrency traders and market-watchers know from their market analysis, cryptocurrencies exhibit very technical trading patterns, similar to other asset classes including foreign exchange (forex) and equities (shares and stocks), just to name a couple. Charts are therefore the most important trading tool that traders incorporate into their risk management strategies – when and at what prices to buy and sell cryptocurrencies.
Try out our FREE Charts here -
Take a look at our shop here:
Subscribe, Like, Follow, and Comment to all our Channels below:
Who we are?
Crypto Daily, one of the world's only free-to-publish crypto news sites and media networks. Let us guide you through the ever-changing world of cryptocurrency.
We are a group of enthusiasts that love to talk about Crypto Currency. We are based in the UK and we want to offer help, advice and the latest Crypto Currency News. We have learnt from our mistakes and want to share some of the pitfalls and hopefully some insight into the exciting world of Crypto
Check out some Important Links Below:
Live Token Sales & ICOs:
Writers Submit Your News Here:
Checkout our Created Playlists:
Crypto Daily - Crypto News:
Please remember that this is not investment advice. Before you choose to invest, do your research and always remember to trade safe.
#Bitcoin #BTC #TechnicalAnalysis
Our favorite sponsor: TheCryptoBot.com
Are you trading crypto currency?
Gunbot is the ultimate Automated Trading Bot.
Take advantage of the most comprehensive trading tool on the market!