DwCrypto1

The Bitcoin Dip

BITSTAMP:BTCUSD   Bitcoin
This is my very first idea, nothing too serious, but this is what I want to happen,and I applied abit of technical analysis into it so lets see.
*Just to warn everyone, I am not a financial adviser,just want to share my ideas,and try publishing it hehe

So what I see on this graph, is that its moving downwards, and looks bearish for me, specially the MACD is not showing confidence, bitcoin might test 11K again and again, its been doing it lately, RSI is pretty normal I should say but we can see bitcoin being oversold for the next few days (Ihopeso,so I can buy), 9K is the main target dip, then next 7k. Another thing to point out is that today noone wants to buy bitcoin, because its too expensive, and also noone want to sell, so this might take longer, but we'll see.

xD

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