I like to keep my analysis simple and that works for me :)
It looks like Bitcoin is consolidating between 56000 and 58000.
Looks like we have support on the previous resistance level around 56000.
Stochastic RSI seems to (almost) indicates that BTC is oversold and we can expect a pump to the upside like we have seen before.
I like to share my...
Dear traders, investors, and so on.
There is a very clear ascending triangle on the Enigma 1H chart. Furthermore, volume looks good and RSI looks very reasonable.
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We have witnessed a crazy downtrend in the past days for Bitcoin. In my opinion these are only two possibilities for BTC.
1. It will breakout of the downtrend resistance, this would lead to a new bullish trend. I see this happening, looking at the developments today regarding acceptance and investigation of the possibilities of blockchain technology.
2. Too much...