Bitcoin takes another hit BUT is it the last one?
Welcome to yet another rejection at our long, descending trend line. How much longer will this pattern continue? The RSI still indicates a slight bullish divergence: the (almost) triple bottom isn't confirmed by the RSI, where we have higher lows.
BTC/USD:
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On the weekly chart, it's more clear that we're in a critical spot: a breakout or a breakdown needs to happen. But which one will it be? It looks like we've reached the bottom and are now in a sideways / accumulating period.
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These are some of the exchanges I use:
(you can support my work by registering via these links)
- Bitfinex - my most used exchange
- Binance - most popular exchange
- Kucoin - excellent exchange, rising in popularity
- Gate - for small cap / new coins
- Huobi - margin trading
- Coinexchange - big variety of coins
ALWAYS CREATE A DIFFERENT PASSWORD FOR EACH EXCHANGE!NEVER HAVE THE SAME PASSWORD TWICE!SAVE THE PAGES TO YOUR BOOKMARKS, SO THAT YOU WON'T CLICK ON SCAM SITES! MANY GOT FOOLED AND LOST A LOT OF MONEY!Thanks for reading and safe trading!✌
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