BITCOIN- More Likely to Hold it's ground 💹🔝

18 באוג׳ 2021

Despite the correction 18 hours ago, Bitcoin still seems to be finding support in the middle of the ascending channel (was slightly breached just a bit) and landed clearly on our exponential moving average that we use to find support.

Despite the fact that the volume seems to be low, the RSI and other indicators do not indicate any particular Bullish momentum, what we do see is the price tested support levels and for the time being has not broken under them.

Some expect a correction, others a second Bull run. What is I see on my chart is clearly an unclear situation with more chances of going higher than lower.

If you like Hopium you might like this idea more than those who are big time short.

For the first category there is stock to flow to make you happy.

For the second category(the Bears) you should be looking at altcoins, tokenomics and broken support levels all over the place. Some alts are SERIOUSLY overvalued and you know it. Bitcoin is probably not the one to go short on.

One Love,

the FXPROFESSOR