BTC - After the rebound what is next?

in #bitcoin7 years ago

BTC is still in a descending flag. For the 3rd time it rebounded on the lower band of the flag.

RSI and MACD are showing positive divergence with higher lows while BTC has printed a lower low.
Moreover, there was a significant increase in volume on the rebound which is positive.

This could give some impulse and it will probably trade higher to test the resistances.

Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.

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👍good information, thank you...

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