Lows trendline (green) seen showing support as we recover from Jan. 2018 selloff. Currently looking for significant technical signals to confirm a market recovery - this trendline being maintained is a good sign.
Note: the 2018 highs trendline (light blue) is steeper on the non-log chart, intersected with the BTC price and likely was the cause yesterday's profit taking. This was at 0.382 level. If bullishness continues, 0.5 is within reach by next week with resistance at 13k.
Also, daily RSI with 65 resistance since the 20k selloff. Daily MACD bullish.
Note: the 2018 highs trendline (light blue) is steeper on the non-log chart, intersected with the BTC price and likely was the cause yesterday's profit taking. This was at 0.382 level. If bullishness continues, 0.5 is within reach by next week with resistance at 13k.
Also, daily RSI with 65 resistance since the 20k selloff. Daily MACD bullish.