PhilipTG

Buy the dips

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BITSTAMP:BTCUSD   Bitcoin
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BTC volatility has returned, and in a good way for the bulls. So IMO it's going to be a "Buy the Dip" environment for the near term. With halving approaching, I think this is just getting started. So my analysis will focus on hourly timeframe and looking for opportunities there, with daily time frame providing major areas and support and resistance. As you can see we have a bearish divergence on RSI and the oscillators while price has hit the upper line of the uptrending channel, Plus we are right near the resistance area of a 50-61.8% fib retracement level

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