BITSTAMP:BTCUSD   Bitcoin / Dolar
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We are in a interesting position now, the space is open up and down. Notice the main uptrend line and short term downtrend line, both forming triangles with the yellow dashed channel. But there is a sign that might show the direction - notice the yellow dotted lines in price chart and RSI chart, we have the bullish divergence here. In order to fulfill the promise of the divergence BTC needs to climb up above 16k level. If not, downside is deep open.
I must admit I don't like BTC and I don't hold it - I just have a fraction of it on exchange and looking for a way to get rid of it. In my opinion, BTC has done his duty honorably, it lifted the crypto market and now it is the time to move on - there are some nice projects out there that do not need the lifting power of BTC anymore. Somehow BTC reminds me of dinosaur, that dominated the Earth and then went to extinction to open the ecosystem to small mammals that ultimately led to us, humans.
But again, I wish luck to all of you who still have faith in BTC . Forgive me for my blabber.
Amy ideas about the small mammals? Have you already som picks?
Balas
good trend line, it seems to reveal a cup/saucer when you draw it, reapproaching the uptrend.

cryptos are built to be traded, not held... just something to think about in the process of holding
Balas
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