BITCOIN: A brief overview.
Updated
This kind of market drains it boring... we are sitting on a thin edge here waiting for something to happen.. shorts are rising.
Note
closed under the support, turned to resistance and the CCI broke the -100.. People are panicking but I would not be shorting BTC right now there is a possible bull div painting..
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market panicking, do not be coerced into selling with patience you'll see recovery..Note
Expecting bounce from one of these levels Note
BTC still painting a bull div important level to break for now is 3630-3670 for any chance of reversal. Until this level breaks I expect us to continue down the blue lines outline support levels.Note
Bitcoin still in a no trade zone for me, my current chart:Broke upwards out the triangle but with poor volume.
Take note there is still bullish divergence painting on the 1D.
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The bullish divergence played out on BTC but as I stated on previous charts until we break the level of 3630-3640 we are still in a downtrend. We broke the descending wedge which is a great sign but keep in mind BTC has heaps of "breakout traders" that buy as the resistance is broken, Until we see real volume this little breakout wont mean much.Note
MY new update/chart:Note
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