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Daily Bitcoin Update & Technical Analysis For May 22, 2020

#Bitcoin #BitcoinTrading #BitcoinAnalysis #Crypto #Cryptocurrency #Altcoins #Blockchain
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Check out my bitcoin trading setups and analysis along with some of the indicators I use for bitcoin trading.

What Is The Dow Jones?
The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United State

Some of the technical indicators I use and talked about in the video…

What Is The RSI?
The relative strength index is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The indicator should not be confused with relative strength.

Moving average
In statistics, a moving average is a calculation to analyze data points by creating a series of averages of different subsets of the full data set. It is also called a moving mean or rolling mean and is a type of finite impulse response filter. Variations include: simple, and cumulative, or weighted forms.

An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average.

What Is a Bollinger Band?
A Bollinger Band is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of a security’s price, but which can be adjusted to user preferences.

Bollinger Bands were developed and copyrighted by famous technical trader John Bollinger, designed to discover opportunities that give investors a higher probability of properly identifying when an asset is oversold or overbought.

DISCLAIMER: I’m NOT a financial advisor. This is NOT Financial Advice!!! The content on this channel is solely based on my opinion and is meant for educational and entertainment purposes only. The cryptocurrency market is an extremely volatile space. Please do your own due diligence before investing or trading cryptocurrencies.

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  1. BITCOIN INVESTORS ARE BRACED FOR A ROUGH RIDE AFTER THE BITCOIN PRICE CRASHED BY ALMOST 10% OVER THE LAST 24-HOUR TRADING PERIOD. THE BITCOIN PRICE, WHICH HAD BEEN HOLDING ITS GROUND SINCE A SUPPLY SHOCK EARLIER THIS MONTH, HAS SUDDENLY MOVED SHARPLY LOWER—DROPPING UNDER $9,OOO PER BITCOIN. BITCOIN FELL TO LOWS OF $8,928 ON THE LUXEMBOURG-BASED BITSTAMP CRYPTOCURRENCY EXCHANGE BEFORE REBOUNDING SLIGHTLY. THE WIDER BITCOIN AND CRYPTOCURRENCY MARKET RECORDED SIMILAR DECLINES, WITH MOST MAJOR TOKENS LOSING BETWEEN 5% AND 10% AND WIPING MORE THAN $10 BILLION FROM THE TOTAL CRYPTO MARKET VALUE. I KNOW MANY PEOPLE ARE SECRETLY INVESTING IN ALTCOINS WHILE THE MAJORITY ARE SO ATTRACTED TO THE BTC HALVING HYPE. WE ALL KNOW THE PRICE IS VERY CHEAP COMPARED TO THE PATH ITS HEADED. “DR.PEDRO LUCAS HAS BEEN MY MENTOR FOR 4MONTHS AND 2WKS NOW, AND FROM JUST FOLLOWING HIS TEACHINGS AND COPYING HIS TRADE PATTERNS I HAVE ACCUMULATED OVER 47BTC IN THIS SHORT-TIME-FRAME AMIDST THIS PANDEMIC . IF YOU EVER NEED COACHING, TRADING CLASSES, OR CRYPTO RELATED KNOWLEDGE OR ADVICE, DR LUCAS PEDRO CAN BE REACHED THROUGH WHATSAPP—+I {865}276_6999 ON TELEGRAM__ @LUCAS_PEDRO GOOD LUCK EVERYONE

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