With the announcement of yet another CFTC approved BTC exchange, technical factors are signalling a potential turnaround point.
Healthy pull back off recent highs:
1) 200D Moving Average Support (and 4H 200 & 12H 50)
2) Volume indicating maintained bullishness through consolidation/move down
3) Trendline breakout support
4) Horrizontal breakout support
5) RSI 1D Divergence support
|Rise Like a Phoenix From the Ashes|
Healthy pull back off recent highs:
1) 200D Moving Average Support (and 4H 200 & 12H 50)
2) Volume indicating maintained bullishness through consolidation/move down
3) Trendline breakout support
4) Horrizontal breakout support
5) RSI 1D Divergence support
|Rise Like a Phoenix From the Ashes|