As expected, BTC falls futher down and hit the lowest support line in our chart. Can it go further down ? Maybe, but we can also see a short squeeze pretty soon.
RSI is on an iconic low, the MACD as a wide divigence and "shoulds don't buy now". Bad signs for a chrismas rally, but anyway, we coinvestors are in for the long run, right ?
Cryptomarket is pretty weak overall, BUT this are the time to invest some money into the future.
We have an upcoming Euro Crisis, italy will do its part and the personal and overall debt in industry countries is growing insane and high yield bonds are fling high in the US worse then 2007....we all still know what happend in 2008 ;-) .
So stay frosty friends and try to make wise desicions....like cost averaging as the coinvestor army always does.
As Rothschild said:
Buy when there is blood in the streets, even when it is your own !!!!!
Join the #coinvestorarmy on facebook
www.facebook.com/mrcoinvestor/
RSI is on an iconic low, the MACD as a wide divigence and "shoulds don't buy now". Bad signs for a chrismas rally, but anyway, we coinvestors are in for the long run, right ?
Cryptomarket is pretty weak overall, BUT this are the time to invest some money into the future.
We have an upcoming Euro Crisis, italy will do its part and the personal and overall debt in industry countries is growing insane and high yield bonds are fling high in the US worse then 2007....we all still know what happend in 2008 ;-) .
So stay frosty friends and try to make wise desicions....like cost averaging as the coinvestor army always does.
As Rothschild said:
Buy when there is blood in the streets, even when it is your own !!!!!
Join the #coinvestorarmy on facebook
www.facebook.com/mrcoinvestor/
