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GoatUser
Jan 29, 2018 8:16 PM

On the support still green still bullish from weekly perspective 

Bitcoin / U.S. dollarBitstamp

Description

Who is saying is a big short is wrong. Ok but shorting crypto against crypto, making more crypto and more crypto is because we are all thinking that crypto will go up like crazy in 2018. We have just touched EMA and bounced from SMA but the chart is still green and bullish. On the fibonacci support the triangle is developing but has not enough strength for pushing to the up... it will take some more from my point of view. However does not make sense to short now, just keep your btc do not use leverage until price action. Buy more in case 9900 or below will be tested. Very probably will bounce up. Bitcoin is at minum market cap comparing to alts, it will get some market cap back.
Comments
B10581923234546
Have you checked the MACD Weekly?
GoatUser
@shadowbladers, yes, MACD makes you bearish?
GoatUser
@shadowbladers, As you see from my RSI history strategy there is a sell mark when the MACD crosses. However that mark may be easily invalidated if the price will bounce on the 0 that more or less is equal to a SMA bounce. The flat consolidation and absence of momentum make me think of a calm stall before market explosion
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