BitcoinLong
Bitcoin in rising channel
Hi everyone!
We've got an approximately 13% pullback, and all of a sudden everybody turned ultra bearish. India is banning bitcoin, whales are dumping, bullrun is over, blablabla, you see FUD everywhere (like always, when we see a correction). I think you should focus on price history, and technicals. Right now i think BTC is moving in a rising channel. Also BTC tend to bounce from the 21 daily EMA. You should also see that we have several areas of serious support below, where price can reverse. Yes, we have a slight bearish divergence on the RSI, but we had these divergences back in 2017, and went on full rampage nonetheless.
Do not panic until you see serious technical damage! HODL on!
We've got an approximately 13% pullback, and all of a sudden everybody turned ultra bearish. India is banning bitcoin, whales are dumping, bullrun is over, blablabla, you see FUD everywhere (like always, when we see a correction). I think you should focus on price history, and technicals. Right now i think BTC is moving in a rising channel. Also BTC tend to bounce from the 21 daily EMA. You should also see that we have several areas of serious support below, where price can reverse. Yes, we have a slight bearish divergence on the RSI, but we had these divergences back in 2017, and went on full rampage nonetheless.
Do not panic until you see serious technical damage! HODL on!
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