LodWhalez

Don't Buy BTC Until This Happens

BITSTAMP:BTCUSD   Bitcoin
Dear Friend,
Greetings and Welcome,

Bitcoin is not out of the waters yet. It is below 200 Weekly SMA. Until it floats back to above 200 Weekly SMA, it is not wise to buy it. Also, 21 EMA guides us about an uptrend. RSI is suitable for buying, but 200 Weekly SMA should bounce back first. Take a look

So, in short, to make a buy decision:
  • 1. BTC should float above 200 Weekly SMA
  • 2. RSI should remain in an oversold area
  • 3. Stocks, especially NASDAQ, should not crash further
If all three signals are reasonable, it would be a good asset.

We Hope It Helps,
Take Care and Stay Blessed
LODWhalez :)

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