MAs at play on BTCUSD Weekly

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It appears the MAs are currently at play on BTC/USD weekly. That does not bode well as it appears the 50 MA is providing some fierce resistance and the 100 is not far off. Longs have a reason to be skittish while shorts take the lead.

That being said this is the world of unregulated casino markets so even if BTC should retrace it likely won't...kind of like a penny stock.

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ملاحظة

It appears the NYAG suing Bitfinex for allegedly losing 851MM will likely cause stall out the rally.
finance.yahoo.com/news/ny-attorney-general-sues-bitfinex-210643545.html

It is interesting to note, however, that some shorts were ahead of the news as if they knew....