bizmatej

BTC thoughts

INDEX:BTCUSD   Bitcoin
For this analysis to be legit is needed bullish close and touch at least to 28K.
If that happens rally continues and everything goes like planned.
If not then S2F,RainbowChartBTC will fail, we have support at 20K and still a trendline in some-way.
Crypto will be less volatile in the future so every scary 50% drop is 100% profit chance, seems great right ?
It's money doubler in any way if you are new to crypto then you should hold and not be looking at the charts.
Price is lagging indicator of fake value, Because crypto is new and volatile nobody knows what's it's worth.
This idea is neutral, only time will tell.
One bearish thing is RSI. topped out at 91 points.

Crypto is the future.
Or the biggest Scam.
Choose it wisely.



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