A few days ago, I posted that I thought BTC presented a quiet opportunity to buy. Could have gone down, could have gone up.
Today it appears that BTC decided to curb down and break through the "hill." Purple line shows resistance off which I believe it will bounce, but if it doesn't, it could theoretically touch as low as the hill below it. I find this doubtful.
Williams %R shows we are currently in oversold territory, which make me think it will bounce off resistance and head back up.
UO still not confirming the %R signal, however.
MACD decided to curb lower. Again, will have to curb up eventually.
Worst-case scenario: BTC loses another $100-200. But in the long term view, that's not incredible.
Today it appears that BTC decided to curb down and break through the "hill." Purple line shows resistance off which I believe it will bounce, but if it doesn't, it could theoretically touch as low as the hill below it. I find this doubtful.
Williams %R shows we are currently in oversold territory, which make me think it will bounce off resistance and head back up.
UO still not confirming the %R signal, however.
MACD decided to curb lower. Again, will have to curb up eventually.
Worst-case scenario: BTC loses another $100-200. But in the long term view, that's not incredible.