Based on the long term trend-line, Fib retraces, resistance levels, momentum, RSI levels and volume, BTC looks as though it will be trading sideways but at a very volatile rate. Scalpers have a good opportunity here to make some profits until we break 14k. Once 12k is broken look for resistance at 14k with a retest of the 12k neckline from the inverse head and shoulders. If a bounce ensues between 11800 and 12k, safe to say bitcoin is on the way back up. Until then, scale in and scale out. Like an iguana. Thoughts anyone?
Commento:
So apparently I was pretty accurate on the bottoms...not so much on the tops short term for bitcoin...but that support trendline is strong....