Home Crypto Bitcoin Bitcoin Crashes According to Media Idiots, Buy Bitcoin

Bitcoin Crashes According to Media Idiots, Buy Bitcoin

Plunge, Crash, Dive, Wipeout, Tumbled, Dropped, Dramatic, Tremendous etc etc, the Media talked up what in reality was a minor move in the Crypto market, and as usual they were wrong.

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

BTC is currently 70.7% above its 200-period moving average and is in an upward trend despite the media rubbish.

Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term.

Our volume indicators reflect moderate flows of volume into BTC (mildly bullish). Our trend forecasting oscillators are currently bullish on BTC and have had this outlook for the last 5 periods.

The MACD can provide buy/sell indications in three ways, signal line crossovers, overbought/oversold conditions, and divergences.


Currently the MACD is bearish since it is trading below its signal line.The MACD crossed below its signal line 1 period(s) ago. Since the MACD crossed its moving average, FOREX BTC=’s price has increased 3.36% , and has ranged from a high of 61,148.078 to a low of 51,431.102.


The MACD is not in an Overbought/Oversold range.


There have been no divergence signals within the last 5 periods.

As I said yesterday #Bitcoin$BTC is having an overdue pullback, under $55000 looks like good value, under $50000 sell other things and buy, under $45000 sell Granny and buy all you can.

As for Ray Dalio and the Government banning Bitcoin

And be warned …

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.