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RE: Bitcoin rejected at 161.8 extension, RSI fails to confirm new highs

in #bitcoin7 years ago

Great analysis again thank you. As you mentioned, the correction started already. Not sure what to expect now : a reversal trend with BTC dropping below supports line or just a retracement and BTC following its bullish trend to go back to the top resistance line.
It's hard to say especially now with this crazy market lol
Happy trading =)

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Yeah exactly, things have been mad this past week - pair seems to be finding a bid now on the hourly - see if 57 holds:

I think this is just a little hiccup and everything should be OK. If 57 does go, I expect 5450 to hold.

Agree with you =). Will see my friend

Agreed. This soon before the hard fork its unlikely to go downhill.