Ahmed_Hosiny

BTC TO 5000 ? MACRO LOOK . 3 simple Indicators.

BITSTAMP:BTCUSD   Bitcoin
MA 200 has been a very reliable indicator during the lifetime of BTC price history ,which is around 5000 $ now .
RSI on the weekly is around 40 now .which is not the value ,u want to open a position, I w'll wait till it reaches around 30.
Massive transfers of BTC to top exchanges is the third indicator .the chart shouts BEARISH.

the bounce off, from the last bottom around 6500$. wasn't like the other one at 7300 before the massive bull to 10500 .

so all signs are telling u to RUN.
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