# Bitcoin Crashes According to Media Idiots, Buy Bitcoin

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Last modified: 2021-04-19

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By Shayne Heffernan · 2021-04-19
Tags: Shayne Heffernan on Investments, Headline News, Top Stories, Biden, Socialist, Shayne Heffernan, Bitcoin, Crypto, Shayne Heffernan, crypto, BTC, ETH, Bitcoin, ripple, Todays Trade Ideas, Knightsbridge Insights, Dogecoin, Doge, HODL, safemoon
Signed: no (published before platform launch).
Nothing in this article is investment advice.

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.

![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

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](https://twitter.com/search?q=%23Bitcoin)[$BTC](https://twitter.com/search?q=%24BTC) 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

![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

And be warned ...

> Take your [#crypto](https://twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw) Trading and Crypto Assets offshore [#Biden](https://twitter.com/hashtag/Biden?src=hash&ref_src=twsrc%5Etfw)'s [#Socialist](https://twitter.com/hashtag/Socialist?src=hash&ref_src=twsrc%5Etfw) take over of the USA is advancing fast  [#Hodl](https://twitter.com/hashtag/Hodl?src=hash&ref_src=twsrc%5Etfw) [#bitcoin](https://twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw) [#doge](https://twitter.com/hashtag/doge?src=hash&ref_src=twsrc%5Etfw) [#ripple](https://twitter.com/hashtag/ripple?src=hash&ref_src=twsrc%5Etfw) [#Cardano](https://twitter.com/hashtag/Cardano?src=hash&ref_src=twsrc%5Etfw) [$ADA](https://twitter.com/search?q=%24ADA&src=ctag&ref_src=twsrc%5Etfw) [#SafeMoon](https://twitter.com/hashtag/SafeMoon?src=hash&ref_src=twsrc%5Etfw) [#doge](https://twitter.com/hashtag/doge?src=hash&ref_src=twsrc%5Etfw) [$DOGE](https://twitter.com/search?q=%24DOGE&src=ctag&ref_src=twsrc%5Etfw) [#DOGECOIN](https://twitter.com/hashtag/DOGECOIN?src=hash&ref_src=twsrc%5Etfw) $SAFEMOON [#eth](https://twitter.com/hashtag/eth?src=hash&ref_src=twsrc%5Etfw) [#BTC](https://twitter.com/hashtag/BTC?src=hash&ref_src=twsrc%5Etfw) [#crypto](https://twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw) [#cryptoart](https://twitter.com/hashtag/cryptoart?src=hash&ref_src=twsrc%5Etfw) [#SafeMoon](https://twitter.com/hashtag/SafeMoon?src=hash&ref_src=twsrc%5Etfw) [#NFT](https://twitter.com/hashtag/NFT?src=hash&ref_src=twsrc%5Etfw) [$BTC](https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw)  [https://t.co/RG24LpdRzb](https://t.co/RG24LpdRzb) [pic.twitter.com/2occw6LDxt](https://t.co/2occw6LDxt)
> 
> — Live Trading News (@Livetradingnews)
> 
> April 19, 2021

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