Some good news, as we enter the blue box below, we are closely approaching our 200 MA. If there is any hope for this bitcoin
dream to go on, that 200 MA will be VERY heavily defended. Some other indicators are, shorts are now up almost at an all time high, longs are slowly closing out, and RSI
on the weekly has now hit the point where we have historically bounced. One last shakeout seems inevitable.
The 12hr still looks bearish
, so my suggestion is to buy as close to the bottom of that blue box, unless you see a significant bounce with volume
happen before that. I would put my bids at $7800 and all around those levels.
In other news, there is FUD, and more FUD, and all of that matters absolutely not. Look at the chart and trade the chart.