Hey guys,
Overall I'm very bullish on Bitcoin on the longterm (fundamentals are great), but at the shortterm we are still in a bearmarket. The 21 weekly moving average is pushing Bitcoin down and the support is weak. Besides that we are oversold on the stoch RSI. Expect a drop in this week or the next. That's all for today.
Much love,
Nafasion
Overall I'm very bullish on Bitcoin on the longterm (fundamentals are great), but at the shortterm we are still in a bearmarket. The 21 weekly moving average is pushing Bitcoin down and the support is weak. Besides that we are oversold on the stoch RSI. Expect a drop in this week or the next. That's all for today.
Much love,
Nafasion
Note
Besides that we are oversold on the stoch RSI.*Note
Besides that we are overbought on the stoch RSI* (wtf I'm drunk... typing oversold instead of overbought -.-')
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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.