BTC showing a bullish return but is it enough?
Here we can see bitcoin has formed a good example of a bottom head and shoulder's pattern but to have faith in this comeback, we can see at point (D) in the eliot wave that is would need to find support at the neckline for it to become a proper reversal in the longer term trend.
keep faith but be vigilant as I see profits taken at the first sign of resistance that could send us back down to the downtrend in a short amount of time, however I do still see a long winded consolidation from Decembers very bullish run with lots of investors reluctant to gamble thus taking profits at the first available opportunity, others that have been holding through the bearish trend would probably be eager to take profits also.
Thank you for taking the time to check out my STEEMIT, please note I am not a professional trader and my projections are not trading advice. please do your own research!
