A bump or a hump?

7 Mac 2018

Total noob at marking up charts but here's my two cents. Looks like BTC nipped the bot res band on 2/6 and continued up past two more lines of res. Got caught and tried to push again on 3/5 and got stuck in the channel. Then the big whale came in and tanked BTC down so my question is, is this an abnormal bearish candle due to a whale and will there be a correction back to the uptrend (Trend lines in orange)? If that does happen, it would have hit the same floor it did before it shot up to 20k back on 12/1. Or will it close below the top of the purple trend line and ride back down as it typically does whenever there's a giant bearish candle. Stoch, RSI, MACD are all riding downwards on the daily but giving some push back on the 1hr, so I'm not sure where she's moving.

7 Mac 2018

Dagangan aktif

Looks like the technical is showing a sign for a buy. The 1hr candle closed above the purp res line on BTC, the 1hr, 30, and 15 are all showing for a buy. Fundamentals are hopefully shaping up as Binance and Bittrex recover from the hacking. If you look closely, it looks like there was a impulse wave formed right before it took the huge dive, so pending any other major events hopefully BTC becomes bullish once again.