jwilli15

BTCUSD -- Reasons to Stay Positive on BTCUSD

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
I am going to make this a short post . . .

There's a lot of bearish sentiment out there on BTCUSD             -9.21% and for good reason. A lot of red alerts are flashing and there happens to be a lot of red in our portfolios, especially if you have been hodling.

Well I think smart money is looking to enter as the price declines over the last month have been fairly overextended. The risk to the downside is far less than the potential upside. It is true the weekly chart is strongest chart when comparing and evaluating trends, and for that reason I present a weekly BTCUSD             chart that doesn't appear to be too bearish if you discount the Mac D cross and instead take a look at the historical results as Slo Stoch approaches the blue line in the chart above, usually we get a bounce or some sideways action.

Stay positive.
Nice bounce off the second blue trendline from the top of the chart, also coincides with the bottom blue on this 6 HR chart where we got a fairly strong bounce. There's more than technicals at play here, so be careful.

Reply
That MACD though... don't love it!
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out