Bitcoin hit heavy support
Bitcoin has hit heavy support on the top of the downward channel. Look at that volume. The MACD is approaching a very strong support and a reversal is already beginning to happen. The RSI still has room for movement upwards and the inverse head and shoulders pattern is still valid until the right shoulder hits the peak of the head. Overall Bitcoin is looking good. In one month bitcoin has risen $6,000. This dip is only about $2,000. Im starting to see every time we have 5%-10% losses people panic selling. This is not the time to sell this is the time to buy. Sell when bitcoin is looking very good like up 20% on the day. Buy back in when a dip like this happens.
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