We normally talk about weekly time frames, and moving averages that span much longer than 20 days. Generally speaking, we should not put too much importance on the 20 day moving average. However, in this video, we show it may be used to help give some insight into the market, whether we are entering short-term bearish waters, or simply entering a Bitcoin re-accumulation zone. If it is a Bitcoin re-accumulation zone, and Bitcoin volatility reduces, then this could pave the way for altcoins to rally. If Bitcoin continuously holds the 20 day moving average as resistance, then it clearly means price is trending down, and in fact the next stop could be the 20 week moving average. TA Video by Benjamin Cowen.
