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cozzamara
Jan 21, 2018 8:44 AM

Bitcoin bouncing on trendline acting as support? 

Bitcoin / United States DollarCoinbase

Description

This is the picture at 5min timeframe. After the disappointment I would be inclined to be bearish for a while and look for support fomation around 11.000. However need to be alert because price felt this trendline and on short timeframe (1min) RSI and price diverged. If it holds we will see... I may be looking for runs towards higher highs if stabilize again above 12.000...lets see...please if you have any comments or advice please tell me...I am still trying to figure out foundamentals that explains these moves. Thank you

Comment

it bouncing but pushing down...let's see...

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