Bitcoin Technical analysis: the Pros and Cons on multiple indicatorssteemCreated with Sketch.

in LAKSHMI3 years ago

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The 3 bearish scenarios on BTC are still valid:

The 2 bullish scenarios that still hold with the three weekly moving averages that I monitor: MM 62 / MM 162 / MM 262 but I don't really believe it because of the QT (Quantitative tightening) that has just started it's been 4 month (DYOR) and a lot of reasons towards a continuation of down trend, this is not advice I just take what the market shows me and I try to buy fear in DCA while waiting for the confirmation of the Bottom and then the return of the bull run. Finally I try to speculate but I could be completely wrong!

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