So I’m no ANALyst but the long term charts for Bitcoin are looking pretty bullish. Strong candle crossing above the 50 day moving average on the five year chart and there was a strong bull flag running above the 200 and 50 day moving averages on the one year. The most recent red candle seems to be a healthy test of trends.
On the three month and monthly charts. it seems we are testing 50 and 10 day moving averages in a healthy pattern.
Short term we are seeing a slight bearish divergence which means opportunities.
Conclusion: Bitcoin is king. Buying the dips probably not be such a bad idea. But because I’m not a financial advisor DYOR and don’t take my advice.
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