Are we ever going to get out of this downtrend? Is this a good point to add more to your position or should you scale back some of your position and buy back in at a lower level? Christopher Inks helps us out with what the charts are indicating as of May 22, 2018. Check out his latest video and let us know what your thoughts are on Bitcoin.
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Please remember this is not an offer to buy or sell any security or investment.
may be uptrend?
You would think after 5 months of falling we would reverse course but volume is really weak right now. Time will tell...
Um, we've already been in an uptrend since April...
Thanks for your comment but looking at the chart I have to disagree. While it is true that some of the altcoins may be in an uptrend since April, bitcoin can't even get back to 10k. It currently is trading sideways stuck between lower highs and higher lows on decreasing volume biding it's time till the next breakdown, which is inevitable unless we see real conviction by the bulls. Bitcoin needs buyers and big volume to get past key resistance levels where it has floundered. Bitcoin is just not there yet.
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STOPYou need to source your images