How do you decide when to invest for long term in BTC & when to day trade?
Well I will share what my strategy is:
If I see the volume is low & price is still volatile -> go for day
Else it is always better to buy & have some targets to sell
Always have some BTC & USDT in your portfolio, you never know when any good trade might come.
As of now, I think it...
Don't worry about the current situation in BTC. Keep your head straight with TA.
In the recent past we saw a bearish divergence. Following it, we saw BTC price dropped from 10k to 6k.
After recent Exchange hack, we are again seeing the price dropped. But lets look at the RSI. I see bullish divergence.
So, lets keep our head straight and do TA.
Genesis Vision or GVT has traded with fairly good price with volume during the bear run of BTC.
Currently it is trading a bit below of 50 days EMA. RSI is close to 50%. No major momentum shift observed in MACD.
I think GVT is due for a major bull run. The project is still undervalued.
Wait for BTC major bull run and see the price for GVT.
BTC/USDT has clearly broken the downtrend few days back and clearly maintained the price ever since.
Now real question is, what next?
Price is near Ichimoku cloud. As the cloud is very thin at this place, it would be easy for BTC to break it and move upward.
Next big resistance level is near 11.5k which we need to watch out.
This my be reached as MACD...
BTC is trading too close to the current support line. There is a weak bullish reversal signal on CCI.
The resistance & support line crosses within this month. So we would possibly see a pop out this month.
In summary: may not be exact bottom reached yet, but the bear run is expected to last till this month.
Clearly from technical analysis, ETH has been bleeding a lot.
RSI is already at oversold, current price is nearing to 78% Fib level.
Still some room for down in BB, which is in line with the current altcoin market.
Hope we all remember what to do, when there is blood on the street !
BTC-USDT. I have been watching this chart for past week very closely. This has been a very exiting chart to analyze and predict.
Looks like BTC will make one more dive before moving to upside.
Why I say it will move down?
Well BTC is overbought in Stoch RSI. For a strong uptrend this could have been ignored but today, for BTC it is not the case. Also...