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Is BTC on the verge of breaking resistance? Last time we saw that BTC had a strong resistance at middle line ( SMA 20 ) of BB. Now we are again reaching to same situation and the chances are to break this resistance this time to hit ATH again. Let’s not talk negative at this moment. Let’s think positive in the beginning of new year. $BTC

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LET PEOPLE SHOUT BULLISH TREND. BUT AS LONG AS ON DAILY CHART MACD DONT TURN GREEN AND RSI DONT CROSS 50 THE PRESENT TREND IS BEARISH ONLY. Even Ema 5 is below Ema 50 and shows a bearish trend. Yes, long term signal is bullish as per 1 month chart but still on monthly chart 75k ( at 13 EMA ) is not ruled out and still that is a bullish trend only. In crypto 30-40% correction is nominal due to volatility but many thinks that is a crash. $BTC

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Eth, xrp, sol, trx

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TECHNICAL CHART OF $BTC suggests short term bearish trend. 7 MA has gone below 50 MA MACD entered into negative zone. Usually when price goes below 50 MA the next support is 100 MA ( around 85 K ) and next support is 200 MA ( around 75 K ) Price reaching 100 MA is a right time to enter the market when fear and greed index too will go below 40. But situations can change anytime before also depends on economic conditions. Wait and watch. Giving short term bearish trend.

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FEAR & GREED INDEX SLOWLY GOING DOWN AND DOWN. Once its enter into FEAR ZONE 40 you can start again creating your new portfolio or those who already have they can start doing DCA. Even now one can enter with very small amount but level below 40 is right time to enter. The Fear Zone is a time to enter the market when all rats are moving out of the market. And Greed Zone is to exit the market when all rats are entering the market. This is what a genuine and intelligent investor does.

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