A fractal has been created recently, pushing the price of bitcoin lower. The ascending trend line created since the October rally is close to breaking. Will bitcoin retest $765 to create a double bottom to escape the currently seen negative sentiment?
Please note: Green horizontal lines are resistance turned support. Blue lines are ascending and descending trend...
Hi
At this point I've sold half of my bitcoin at break even. We didn't get the 'pop' upwards I was hoping for. I don't like to mess around with trades once I'm in, but taking a fresh look at the latest candles, I'm feeling that the probability of a good move up immediately is against us and I'd rather protect my capital.
I have a few reasons based on how I think...
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