UnknownUnicorn1539857
We are not breaking the bear downtrend line. I will continue keeping my short position and keep adding if it doesn't break this point.
Dear Traders, As you can see this pitchfork has quite accurately predicted the bottom of bitcoin (for now). I am now long on Bitcoin and expecting it to continue up to reach the median of the pitchfork.
Dear Traders, just wanted to post my point of view on Bitcoin. The 50 EMA is about to cross on the 1D TF. If it crosses this would be a very bearish signal, however to watch over the coming hours/days what happens. However other indicators are showing bullish signs, Bitcoin's price is above the mean of the pitchfork, suggesting its continuing its overall trend...
MACD bullish, RSI oversold, very strong support at $17.35
Very bullish sentiment at the moment Falling wedge indicating a possible breakout, to watch how the trend continues
Fallling wedge, possible breakout MACD Bullish
Short based on fib. levels and rising wedge
78.6% hit, MACD bullish, positive momentum increasing Long
Comments and opinions are welcome