Bitcoin - reversal which everyone was waiting has happened !
Perfect convergence of multiple factors :-
1. Long term trendline broken.
2.Golden cross on the MACD indicator
3. Divergence on the MACD
If you are still bearish think again !
A lot of traders are still paralysed by the downtrend and in fear are thinking it will go down further .
These were the same traders who were in excitement when the trend reversed at the top and held on to their positions.
Its a good price for long term entry - dont miss out !
1. Long term trendline broken.
2.Golden cross on the MACD indicator
3. Divergence on the MACD
If you are still bearish think again !
A lot of traders are still paralysed by the downtrend and in fear are thinking it will go down further .
These were the same traders who were in excitement when the trend reversed at the top and held on to their positions.
Its a good price for long term entry - dont miss out !
Comment:
The reversal was a “Dead cat bounce “