Buy the BTC Dips (BTBD)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
88 0 0
BTC             volatility has returned, and in a good way for the bulls. So IMO             it's going to be a "Buy the Dip" environment for the near term. With halving approaching, I think this is just getting started. So my analysis will focus on hourly timeframe and looking for opportunities there, with daily time frame providing major areas and support and resistance . As you can see we have a bearish divergence on RSI and the oscillators while price has hit the upper line of the uptrending channel, Plus we are right near the resistance area of a 50-61.8% fib retracement level. Will publish daily view next.
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