Home Markets Cryptocurrency Market Pulse: Positive Signals from Bitcoin’s Big SMAs

Market Pulse: Positive Signals from Bitcoin’s Big SMAs

By

-

January 15, 2021

264

The recent price action in Bitcoin seems to highlight the importance of two simple moving averages (SMAs): the 50-hour SMA and the 100-hour SMA.

Click here to view the related idea and chart analysis on TradingView.

Explore the most actively traded options

Trade 600+ futures products on an advanced platform

IMPORTANT INFORMATION:

Market Insights, its pages and content are hosted by TradeStation Group, Inc.

TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.

Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com/DisclosureOptions. Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com/Important-Information/. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.

Chip Selloff Hammers Growth Stocks. Is the AI Boom Over?

Rates, Geopolitics Cast Gloom Before Earnings: Market Trends This Week

Energy Stocks Pull Back But Are Still Leading This Year

Options Alert: Traders Position for Potential Drop in Uranium Miner

Chip Selloff Hammers Growth Stocks. Is the AI Boom Over?

Energy Stocks Pull Back But Are Still Leading This Year

Options Alert: Traders Position for Potential Drop in Uranium Miner

Chart of the Day: Are Regional Banks Turning Higher?

Is Inflation Making a Comeback as the Fed Looks to Cut…

Tech, Housing, Inflation: Stock Market Trends To Watch in the New…

What Is Event Risk? Why Does It Matter? How Can it…

Markets Feeling Dovish Before the Fed: 5 Key Charts Right Now

Rates, Geopolitics Cast Gloom Before Earnings: Market Trends This Week

Are Rate Cuts Out the Window? Market Trends This Week

Bulls Pivot from Rate Cuts to Economic Growth: Market Trends This…

Traders Have a Powerful Tool in OptionStation Pro

Market Pulse: Positive Signals from Bitcoin’s Big SMAs

MOST POPULAR

Chip Selloff Hammers Growth Stocks. Is the AI Boom Over?

Rolling Options: Key Things for Traders to Know

Energy Stocks Pull Back But Are Still Leading This Year

Stocks Have Had a Healthy Pullback. Will Buyers Step In?

TAKE ACTION

Cryptocurrencies Score Gains as Payment Giant Enters Market

Bitcoin Rips Higher on Square News

Choppy Price Action Is Still the Trend in Cryptocurrencies

Banks Cling to Support Ahead of Stress Test

Key Things for Stock Traders to Know About the Coronavirus Outbreak

A Look Behind the Calm in Cryptos