Bitcoins.... Aaand it's down! ๐๐๐โฌ๏ธโฌ๏ธโฌ๏ธ๐ฅ๐ฅ๐ฅ
So what is happening at Bitcoins? ![]()
To those who bought at the highs I am sorry for you. Hope you are fine.
Disclaimer โ ๏ธ : This is for education purposes and not a recommendation to buy or sell. This is not Financial advice and is based on my own opinion.
So fellow mooers, I am in the red but a happy red as I am starting to see an algorithm in the long run.
So what is my Technical analysis telling me today?๐ฎ Strap in ladies and gentlemen! ![]()
There is good news and bad news ๐ฐ for you bulls out there.
The bad news๐ฐ
Bad news is that is still going down!
Currently the red candles are showing a fading down trend, that goes to show that the bearish trend is starting to fade slowly. Hopefully, we could see a 89k to 90k support levels
If it breaks those support levels. The bear will have a happy time all the way down to 80k trend.
Now The good news๐ฐ
Observe the RSI carefully, there is a reversal happening in the RSI which indicate there is a possibility of slowing down and moving to the upside. If it holds better at the downtrend line of support we are seeing a 100k and beyond!๐Provided the condition that it breaks the 99.5k. ![]()
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OK all this technical jargon confuses me? ![]()
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Feel free to join my group to further discuss about Technical Analysis.
Alright that's all for today folks. May your trades be ever in your favour! ๐
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Casual and Social ๐ฑTrader and investor. โ
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Jeffy Invests : Haha itโs up though?
Aaron Invests (AI) OP Jeffy Invests : For awhile I would see further pullbacks currently is fading still to the downtrend. Be cautious and stay safe!
Coach Donnie : Define down
Coach Donnie : Itโs gone up X % annually for 15 years
Aaron Invests (AI) OP Coach Donnie : Pullback on the short term bro. Not a drastic down yet.
Coach Donnie Aaron Invests (AI) OP : True - Even if it goes down to 50k itโs only down to those who sold prematurely
Aaron Invests (AI) OP : I am not saying this because I am a bear. I am saying this because I care. Please be prepared for disappointment during trading hour at 9.30am to 4.30pm est. Happy trading!