zendaddy

Bitcoin and other cryptos are still in a downtrend

BITFINEX:BTCUSD   Bitcoin
I'm a crypto bull long-term. But I'm learning not to fight the trend. Bitcoin is still in a downtrend. Clearly, there was good profit between 6000ish and 11,700ish levels. Be cautious with your trading until the downtrend is broken and a new uptrend is established. Also note the negative divergence on the RSI as a signal of the last 3 major downturns.
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