My latest Noob look at BTC
Following on from my first idea, BTC is still following the inverted head and shoulders pattern. This latest drop is because of some heavy resistance. I have tried to keep all my support and resistance lines in, so it may look busy and confusing, but so far BTC is following them. I am slightly bullish as the MACD is turning up now, as well as the RSI. The only concern is the low trading volumes. I read somewhere that this may be a bull trap.
Time will tell.
Time will tell.
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