Redhawk0723

BTC Downtrend

Short
COINBASE:BTCUSD   Bitcoin
A few things I notice: The overall health of the coin is on a downtrend according to the 200MA. Over the past few weeks we see a consistent decline and it doesn't look like its going to let up in the near term. In the short term watching the crossings of the 7, 15 EMA lines to cross for confirmation to buy will allow for short gains. At this time I am not holding BTC short term due to a down trend. That said, long term continue to buy on the dip and hold em.
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