Based on the long term trend-line, Fib retraces, resistance levels, momentum, RSI
levels and volume
looks as though it will be trading sideways but at a very volatile rate. Scalpers have a good opportunity here to make some profits until we break 14k
. Once 12k is broken look for resistance at 14k
with a retest of the 12k neckline from the inverse head and shoulders
. If a bounce ensues between 11800 and 12k, safe to say bitcoin
is on the way back up. Until then, scale in and scale out. Like an iguana. Thoughts anyone?