The_Magician

BTC: Is This Really The Bottom???

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC is deciding whether it's ready to end this downtrend and move out of this bear channel . If it can't get traction, it is likely to form another flag pattern , providing a target to the downside. Though if it was to turn down sooner & retest the support support line in a "W" type formation, it would confirm it is the bottom and start to form a base as it continues to go up.

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