Bitcoin is far from giving a medium-term buy signal.
The price is below the 210 SMA on the weekly chart, with an RSI of 50.83. On the monthly chart, the RSI is 44.
None of our trend following systems are giving us a buy order.
Of course, we do not know the future, but the most likely scenario is that we remain in a phase 1, sideways trend before entering a phase 2 trend.
Even if we hold BTC for the long term of tokenisation, we are not going to open more positions right now.
The price is below the 210 SMA on the weekly chart, with an RSI of 50.83. On the monthly chart, the RSI is 44.
None of our trend following systems are giving us a buy order.
Of course, we do not know the future, but the most likely scenario is that we remain in a phase 1, sideways trend before entering a phase 2 trend.
Even if we hold BTC for the long term of tokenisation, we are not going to open more positions right now.