Is This the Tell All Sign For Bitcoin?

Bitcoin may be taking a dump today, but it may not be all that bad. We are receiving short term buy signals from the Megalodon, and Bitcoin may hold this 38.2 level, but in my opinion, the more likely alternative and also the safer one is this 50% level we see on the 1 day time frame here. My reasons to support this are for 1 because of the momentum we're seeing on the MacD. This leads me to believe that Bitcoin still has a little room to drop to that 50% level. The other major reason, and this one being one of my favorite chart patterns is this bullish flag pennant that we see forming on the 1 day chart. This is a big sign for a bullish reversal if Bitcoin can continue this pattern. If this pattern holds on Bitcoin, look to pound the table and earn some easy profits! When the time comes, check the shorter time frame charts for the right buying opportunity!


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