BTC bears run almost over

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Dear crypto friends,

I hope you sold you btc following my previous TA so that now you have some fiat to invest in the buy that I have highlighted. (Remember buy low and sell high)

So, as we can see there was a 1-2-3-4-5 downtrend because of several factors, Binace ban in japan, rumors about pedo-pornografic material in BTC (old one actually) and so on.
This is a classic scenario for a strong downtrend as we saw yesterday and during the night. Currently we are still expecting a further downtrend to the major support area (green) it could even not reach that level therefore the suggestion is to anticipated your buys.

The RSI downtrend is almost over and the MACD is oversold which leads us to be strongly positive about a bounce back.

Stay tuned and like if you enjoyed the TA.

*this is just my opinion I'm not a professional advisor! Make your choices wisely and manage your risks!

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