pacman7331

Fear not, HODL, Bears are exhausted

Long
BITSTAMP:BTCUSD   Bitcoin
If you are afraid to buy bitcoin right now. Don't be.

Whilest we are below 200 daily, 21 weekly, and Total crypto death cross in imminent.
You will not win by shorting here. The death cross is a false signal because the 200 in rising.

We have 4 hr bullish Divergence on all indicators.
We have daily Bullish divergence on MACD
We are being held up by a trend line from the 2013 top.
We have a possible triple bottom waiting for confirmation.
We have bullish divergence on volume / price.

Breakout to the upside is imminent,
After that, it's possible we could go lower, but not now.

Smart money is speculating to the upside.

We have some resistance to break to the upside on the RSI and price, but it's not gonna keep us down.
Every dump is lower volume and bounces at the same level. Whales and smart money are trying to get in with all the leverage they can.
Don't sell them your cheap bitcoin.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.