Home CryptoBitcoin 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.

Crossovers

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.

Overbought/Oversold

The MACD is not in an Overbought/Oversold range.

Divergence

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 …

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.