Todopoderoso

btcusd long term channel

Long
BITSTAMP:BTCUSD   Bitcoin
looks like to me btc has been on an uptrend since 2013 , the price likes to trade within the channel. also notice the support around 18000 18500 its both the previous all time high and also the bottom of the trendline. i really think that if this is broken we could see btc at 12k or lower, but if the suport holds, this is the bottom right there, also rsi indicator is way oversold, also macd bullish divergences observed on the daily. no one knows exactly where is the bottom is thats why you buy a litle here and there. to me this is a good entry oportunity long term as long support holds. otherwise can expect a final market crash to capitulate .
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