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Btcusdtoday

BTC Multiple Bear SignsPrice chart wise, BTC shows a price trend that resembles a bearish double top . This chart factors in RSI and MACD , an additional update to my last chart. Investigating EMA indicates multiple signatures including the EMA's crossing in a bearish fashion and diverging. Investigating RSI indicates a rather low RSI in the current moment. This may indicate a brief dead cat bounce before continuing its bearish path. Investigating MACD indicates a brief reversal. However, this is likely brief and it is already showing an emergence of a bearish pattern in the overall bear momentum. The continuous bearish bearish news for BTC and the panic sell of institutions and retail may continue to contribute to this bear pattern. The news of the IRS wanting to regulate crypto is yet to be a bullish or bearish case. Overall, in my book, it is likely BTC will perform a deadcat bounce at around 31k-32k and then continue downwards. Still relatively new to TA'ing so let me know what you guys think.
COINBASE:BTCUSD
by Accelerate_0
1
GOT RECKT ?? HERE IS WHAT I AM DOING !!the market surprised all of us, we already predicted a correction for btc n we said that it may touch 31 k n bounce n this what happened. the surprise was in alts not with BTC. SXP for example made 45% correction ... damn !! from my point of view, at this moment when u r reading this article if u had alts whatever they r n still holding, so don't sell. before u ask me what is the benefit from holding after what happened let me ask u what the benefit from selling now?? some of us already lost 50% to 80% what else u can be losing more than this. but if u chose to hold we have a huge possibility to get lower loss than this n we have small probability to make profits since our entries if we wait. I think it maybe take a week or two to recover for market, believe me guys no bearish market get in this quick time. look at history when bull run ends the bearish market can last for months or years not just a week or two, n as u see with high possibility we r already in dip. we have a golden rule which says: " what go up quickly, go down quickly " n we can also say that: "what go down quickly not a bearish market at all" maybe correction or bad fundamentals but this wont last too much for alts. it doesn't make sense at all to get $1.80 Xrp on 2021 bull run while in 2017 it reached $3.85, other alts having the same idea like LTC, NEO , DASH, CRV n other I believe we still have a continue this is not the end !! I wont sell anything but I wont open any positions n consider futures NOT ALLOWED at this time. I don't advice to add more now until we get confirmation that we wont get lower !! forget about your wallets n leave it for time n u wont regret it. we all have a great loss at the moment remember this.
by BTC-fire
11