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Bit_Tiger
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Bearish
$BTC ‼️Don't be Left holding the bags!
Guys hodling is great but don't miss out on selling the tops and buying the dips on the way. This can significantly boost your portfolio.
Focus on Larger time frames such as the weekly charts, because these are more accurate, and do not try to micro predict using smaller time frames like daily or hourly charts as these can be misleading.
Bitcoin is currently overvalued, this can be seen in the weekly candlesticks charts, as it's above the top band of the Bolinger (see the picture below)
And looking at het MACD, the momentum has started to fall, which indicates that he price is going further fall till the downward momentum ends or weakens.
As always, I have sold the top, and suggest that you should sell too, this gives us liquidity to buy the Dip, when the time comes.
Will keep you guys posted when I buy the dip.
Guys hodling is great but don't miss out on selling the tops and buying the dips on the way. This can significantly boost your portfolio.
Focus on Larger time frames such as the weekly charts, because these are more accurate, and do not try to micro predict using smaller time frames like daily or hourly charts as these can be misleading.
Bitcoin is currently overvalued, this can be seen in the weekly candlesticks charts, as it's above the top band of the Bolinger (see the picture below)
And looking at het MACD, the momentum has started to fall, which indicates that he price is going further fall till the downward momentum ends or weakens.
As always, I have sold the top, and suggest that you should sell too, this gives us liquidity to buy the Dip, when the time comes.
Will keep you guys posted when I buy the dip.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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