BITCOIN IS DEAD ... SIKE! LONG BTCUSD

I'm not saying this is the bottom, but this is probably a good time to start buying again. There are some concerns to this plan, 1) We have an inside day bollinger bands sell signal on the weekly chart that means we have a date with the 20 MA in our future (Bollinger Bands aren't printing correctly on TV so I can't show you) 2) It looks like the Stochastic has formed a giant wedge that we are at support right now, if this wedge breaks, there's going to be a big red candle that accompanies it. 3) January is typically a shit month for BTC.

On the positive, 1) RSI 55 has held so far and we are right there so a bounce could be imminent. 2) The stochastic wedge hasn't broken so it could bounce right here 3) BTC is 5 weeks off the high, which is sort of long for BTC.

I don't think it's smart to buy with all you have right now because I can see this at 10k and lower, but I think it's time to start accumulating again. GL