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roblever
Nov 15, 2018 9:58 AM

BTC - Still Neutral for now 

Bitcoin / DollarBitfinex

Description

Price is still inside this sloping triangle formation - stopping at a key junction (Long term trend line and the Weekly 200MA). Price is at 21 (oversold) on the RSI so I would expect at least a bounce up towards the top of this triangle @6200-6400, where bulls may be trapped once again, or even to meet the 200 Daily MA which currently sits around 7000. A definitive break either side of the triangle is significant of course.
Comments
pkb6698
Total Coin Market Cap (2) : 2014 vs 2018
I think this drop is a pedestal for future rise.

PatienceIsParamount
As soon as the Bitcoin Cash hard fork is done, I expect the bounce upwards to happen.
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