Plunge, Crash, Dive, Wipeout, Tumbled, Dropped, Dramatic, Tremendous etc etc, the Media talked up what in reality was a minor move in the Crypto market, and as usual they were wrong.
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
BTC is currently 70.7% above its 200-period moving average and is in an upward trend despite the media rubbish.
Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term.
Our volume indicators reflect moderate flows of volume into BTC (mildly bullish). Our trend forecasting oscillators are currently bullish on BTC and have had this outlook for the last 5 periods.
The MACD can provide buy/sell indications in three ways, signal line crossovers, overbought/oversold conditions, and divergences.
Currently the MACD is bearish since it is trading below its signal line.The MACD crossed below its signal line 1 period(s) ago. Since the MACD crossed its moving average, FOREX BTC=’s price has increased 3.36% , and has ranged from a high of 61,148.078 to a low of 51,431.102.
The MACD is not in an Overbought/Oversold range.
There have been no divergence signals within the last 5 periods.
As for Ray Dalio and the Government banning Bitcoin
And be warned …
Take your #crypto Trading and Crypto Assets offshore #Biden‘s #Socialist take over of the USA is advancing fast #Hodl #bitcoin #doge #ripple #Cardano $ADA #SafeMoon #doge $DOGE #DOGECOIN $SAFEMOON #eth #BTC #crypto #cryptoart #SafeMoon #NFT $BTC https://t.co/RG24LpdRzb pic.twitter.com/2occw6LDxt
— Live Trading News (@Livetradingnews) April 19, 2021