redfez

redfez

Well we are still in the 28k zone which should tell us something right? If you turn your TV on or listen to social media pundits they would have us all believe the sky is falling on our heads, complete with radiation. So why hasn’t BTC tanked? I mean if its really as fragile as it has been behaving the last 15 months then surely we should be in the bin by now....

redfez

Looking into the formations and movement at the top of the range for BTC there is a definite horizontal bottom formed and a descending trend line moving lower. Still within the trading range set by the last move up so although this is beginning to compress there's no clear direction yet. Descending triangle patterns tend to break down though and the low volume...