BTC CONSOLIDATING AGAIN , POSSIBLE BULLISH DIVERGENCE

BULLISH DIVERGENCE IS INDEED DEVELOPING , SHALL WAIT AND SEE :). As seen on the chart we are in a downwards channel.(POSSIBLE OPPORTUNITY TO SHORT HERE ?) There is a lot of uncertainty and I prefer to not have any positions ATM. If it is indeed a bullish divergence , prices should bounce back up after reaching the blue box region. IF YOU THINK IT MIGHT GO FURTHER DOWN PLEASE COMMENT :D If prices reach the blue zone I will not buy immediately. I would rather wait for signals using the ichimoku indicator.

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Both downwards and upwards break out are all possible. Note that a strong bear signal is shown by the ichimoku , we are likely going to see new lows around here.

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Possible upwards break out today

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prices touching the major resistance ( cloud in ichimoku indicator )

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Just ascending triangle formation on Bitstamp