Long term BTC : Long / Short term BTC : Short (how convenient)
i'm shorting my BTC and here is why :
1. BTC ascended too far above the 20 week MA(rainbow lines) ( Everytime this happened in the past --> correction.)
2. BTC ascended too far over the 200 week MA(blue line) , every time in the past bla bla --> correction.
3. The RSI shows massive overbought signal ---> correction.
4. BTC broke the upper bollinger band (my free account won't let me add anymore indicators sorry, but trust me it happened) ---> correction.
You won't short because of the banks and institutions getting involved? well friends, they will make huge profits on longs, yes, BUT also on shorts ! good evening and good luck
1. BTC ascended too far above the 20 week MA(rainbow lines) ( Everytime this happened in the past --> correction.)
2. BTC ascended too far over the 200 week MA(blue line) , every time in the past bla bla --> correction.
3. The RSI shows massive overbought signal ---> correction.
4. BTC broke the upper bollinger band (my free account won't let me add anymore indicators sorry, but trust me it happened) ---> correction.
You won't short because of the banks and institutions getting involved? well friends, they will make huge profits on longs, yes, BUT also on shorts ! good evening and good luck