Hello everyone. I decided to share my technical analysis on Binance. #Bitcoin is in its honeymoon period and everyone is dreaming of $100k . But history shows us that bitcoin often defies expectations.
Currently, the price of $62300 according to the EMA 55 indicator is a buying point and a solid support point for Bitcoin.
If #EMA55 support is broken, the next hard support point will be #RMA55 . The price there is also 55200 dollars.
Next two points are $51500 and $43300 (EMA and RMA149) But these prices are unlikely for now, hard support points must be broken first.
My personal opinion: right now is the time to sell bitcoin, not buy it. A portfolio position of 1/3 coin and 2/3 cash would be a cautious approach for these prices.
If the question is #BullorBear my answer is bear in the short term. But in the long term it is always bull!
For $BNB , $490 and $420 prices (EMA55 and RMA 55) will be very important support points in the coming days.
As in the past rallies, investing money in mediocre coins other than Bitcoin with the expectation of x2 x3 x5 is a huge risk. I recommend you stay away.
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