Stop day trading!
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for all the crypto maniacs :p
As can be seen, BTC is far over extended. Off the short term trend and off long term trend. Has butted against the ATH resistance and is showing bearish divergence.
In the region of $12,500 to $14,000, we'd say it's on trend and of an ok value in the timely market terms. At 19k, Bitcoin is still too expensive right now. I would expect Bitcoin to be of fair value 19k in late Summer 2021.
If anyone is interested in a review of any specific crypto assets, please send me a private message. I can offer my time and charting skills to assess anything found on tradingview. Price on Application.
As can be seen, BTC is far over extended. Off the short term trend and off long term trend. Has butted against the ATH resistance and is showing bearish divergence.
In the region of $12,500 to $14,000, we'd say it's on trend and of an ok value in the timely market terms. At 19k, Bitcoin is still too expensive right now. I would expect Bitcoin to be of fair value 19k in late Summer 2021.
If anyone is interested in a review of any specific crypto assets, please send me a private message. I can offer my time and charting skills to assess anything found on tradingview. Price on Application.
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Back to trend line sooner or later
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Maybe not that sharp a drop, but it's what I can fit on my mobile screen :P