LodWhalez

LodWhalez

Dear Friend, Greetings and Welcome, As discussed in my previous idea, the week is about to close in ~6 hrs, but we are still short of $1200 from our target 200 Weekly SMA ($22427 ), which is not a good sign. It is such a bad sign that it never happened in almost all known history of Bitcoin. To take any position, we need to watch these signs in the next...

LodWhalez

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...