[BTC] BITCOIN ZIGZAG UPP AND DOOWN AND UPP AND DOWWN :D
I had said in my previous post that the trend channel that BITCOIN is inside doesn't seem that strong. It could breakdown anytime. But now bitcoin seems to be testing the bottom, twice, thus creating a double bottom at a key support from the bottom of the trendline.
Looks like it's gonna head a little more on the upside, before the big fall comes out. I really think that this is another bull trap, like BITCOIN is slowly struggling to pick itself up, trying but failing to create enough momentum to explode. And that will come in the form of frustration selling But, for now, looks like it's heading up again to retest the trendlines of the channel it has found itself in.
BITCOIN breaks down from flag, to test the bottom of the trend channel. Looks like it's on its way up again. stop losses below trendline @ 9380 level. Also, MACD is nearing a bullish cross
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