BitcoinUpdated Heading Sideways Till 14k
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?
Note
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....
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