#btc momentum 4H looks like downtrend. Not sure if that hold | Jodee Desmore on Binance Square

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#btc momentum 4H looks like downtrend. Not sure if that holds. 

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BTC

86,992.87

+3.31%

483

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#btc Topic - war is coming and it will massively affect the market. Today btc crashed and it was expected. But the worst to come. Japan is bankrupted country with one of the highest debt in the world. US also bankrupted but they keep printing money. Over all there nothing looks good at the moment. Ok they are selling the news for the fed cut rate and after that what? Don't you learn yet from the trump btc conference news? Do you remember what's happened after btc touched 70k? Ok, now there is a war in middle east coming probably in coming hours or days. This war might cause another crash in the market and this time it can be really massive. Take care

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Topic - #BTC might raise due to trump speech (that is weird BTW :) In case the btc price will raise rapidly on trump I am going to sell and take a profit. #BTC is already very overbought which suggests we may have correction soon. The RSI value is 84 that is very high and you can see in the historical trading whenever we reach that value or above, a follow big correction happened. Don't be greedy. Many alt coins will never reach their old ATH.

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Topic - War in middle east might have dramatic affect on the market. At the moment there is a very possibility of starting a war between Hizballah-lebonon and Israel. Today a drone fall on stadium in Israel and killed several people and wounded many people. If this war starts, then there might huge crash. #btc

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#btc Topic - #btc buying pressure. At the moment there is a high buying interest and as can be seen below in the snapshot the btc us overbought with RSI almost 84. That means we might have correction soon. Tomorrow maybe there is a raise due to ETH ETF but probably directly after that we might get correction. Let's see how the market will behave

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Those who keep saying that the market is down because Germany is selling btc are Fool. And anyone believes that is a naive person. Selling 200-300 million has worth of btc daily doesn't cause a drop. The fear atmosphere in the first day maybe but the following days has nothing to do with Germany selling btc.

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