The 1 point that matters

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
158 2
We are in a period of consolidation after a bear trend. The only point you need to reference is the higher low realised at the beginning of August.

Currently unsure as to which way we break but don't let anyone tell you "We are still in a bear trend".

We aren't.

Trade this chop as neutral. Solid returns to be had playing the low risk trades until a new trend develops.
Also the weekly MACD trending upwards since july. lol
Excellent point that strangely isn’t made by too many folks and yet is undoubtedly true. Thanks for sharing- thumbs up, :-)
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