ngupta
Long

BTC Bottom not in yet: based on support/resistance

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Support levels and trend lines seem to indicate lower still, with much choppiness . I will be waiting for lower prices before considering re-entry
Feb 05
Comment: I was totally off on that bounce. I need to remember that a bounce off of support indicates strength. This is looking very weak at the moment. We may see some retracement and a long wick... but I'm beginning to doubt it.
I see the MACD lines cross once at the bottom already. Considering MACD is a bit of a lagging indicator maybe the time is now?
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