jpbrown1023

BTC- Don't buy into the FUD. BTC fine after much needed reset

BITFINEX:BTCUSD   Bitcoin
Hey folks, I've been seeing a lot of FUD being spread again as soon as Bitcoin has any correction. Let's remember that it can't go up forever and there are going to be ups and down along the way (to the moon). I've been using the 4-hour MACD as my primary BTC indicator since February and it's been very accurate. We're hitting the main support line on the MACD and on the charts Bitcoin is approaching a very supportive area. It's around 34 on the RSI which is hovering above oversold so buyers will probably be gobbling up cheap BTC as it continues upward. I think this uptrend stays intact as long as we stay within the dotted blue channel. I still like what I see at the moment. If we break the dotted blue channel that would be a sign to me that BTC is destined for lower prices and fiat/USDT would probably be the safest place to be. I would also watch to see how DGD reacts to BTC falling. It seems to have been timing its pumps when BTC is falling, so it may be another alternative to fiat if you want to stay in the game.
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