Bitcoin : IF it bottomed at 5.800$, exemple with Intel pattern
If Bitcoin bottomed around the 5.800$ crucial support, we will probably keep on witnessing similarities with the pattern formed by the Intel stock: higher highs and higher lows, with a slow upward movement.
Display the intel graph for further analysis.
Bitcoin could display some close similarities if it bottomed.
If Bitcoin starts to go back close to the 6.500$, this is a sell signal imo, and not a buy signal as it would announce a very likely break of the 6.000$ support and a break of its current structure.
Display the intel graph for further analysis.
Bitcoin could display some close similarities if it bottomed.
If Bitcoin starts to go back close to the 6.500$, this is a sell signal imo, and not a buy signal as it would announce a very likely break of the 6.000$ support and a break of its current structure.
Comment:
Trendline (red) + 50 Smma + Fibo level = bounce?