ChristopherCook
Long

Another Confirmation For Existing Trend BTC

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
So just earlier we saw Bitcoin drop below its existing trend line for support. Then it popped up back above that support meaning we had false breakout downwards. So I'm taking this as another confirmation for the existing trendline we are on. Currently we are relatively oversold on RSI , MACD has crossed indicating the end of the short term downtrend, and Volume is steadily increasing over time along this bear market.
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