This is a BITCOIN INDEX DAILY CHART
SMA 9 Orange
SMA 14 GREEN
SMA 50 RED
SMA 200 YELLOW
PA got rejected off the 200 SMA and came back down and tested the 14 SMA as support.
This failed
The Next line of support is the 0.236 Fib retrace line at around 77300
After that we have the 50 SMA at around 75300
Bitcoin is getting over sold
This does not mean PA will stop falling but it does imply that it could find support soon.
The Big issue is the $ getting stronger.
Simply put, the $ offers a possible higher return than BTC right now. This may not last as $ heads towards resistance
But the $ does not trade at weekends and so we could see an improvement for BTC this weekend but we need to be VERY CAUTIOUS as trading opens for the $ on Sunday Night / Monday Morning ( Europe )
As I have said many time, for months, I do not see Bitcoin falling below that 60K at a MAX Drop....
Accumulate Bitcoin and just HOLD.......
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.