Bitpanda BESTEUR entering into stronger Consolidation
In the hope that some listened to my advice in the eraly BEST accumulation stage.
UPDATE: You may want to take some profits on your 40x returns.
BEST in entering into a consolidative stage as Bitcoin seems to struggle with the 60k 1.618 extension level as seen in the chart below.
Bitcoin Chart:
BEST held for quite some time 99 to 100 monthly RSI levels.
Weekly RSI and MACD Levels are showing a stronger bearish divergence that should not be ignored.
MACD Histogram is establishing a the first downtick since months.
Fundamantals have to be factured in.
Never the less BEST is a good long term investment but profits have to be taken.
Bitpanda will soon launch tokenised stocks that allow fractional bying and targets a diversificated portfolio.
Risk could be taken out of BEST into low volatility assets even tough the userbase is increasing with the Bitcoin Hypecyle that may not has ended yet.
Will try to keep you updated on good reentry levels.
UPDATE: You may want to take some profits on your 40x returns.
BEST in entering into a consolidative stage as Bitcoin seems to struggle with the 60k 1.618 extension level as seen in the chart below.
Bitcoin Chart:
BEST held for quite some time 99 to 100 monthly RSI levels.
Weekly RSI and MACD Levels are showing a stronger bearish divergence that should not be ignored.
MACD Histogram is establishing a the first downtick since months.
Fundamantals have to be factured in.
Never the less BEST is a good long term investment but profits have to be taken.
Bitpanda will soon launch tokenised stocks that allow fractional bying and targets a diversificated portfolio.
Risk could be taken out of BEST into low volatility assets even tough the userbase is increasing with the Bitcoin Hypecyle that may not has ended yet.
Will try to keep you updated on good reentry levels.
