If any technical traders out there are looking at BTC, what do you see? I am not a technical trader, though I do know some of the patterns and retracement levels.
To me it looks like it tested 5500 two times but got rejected. Furthermore, it now looks like a W, so that we can (technically) expect BTC to go up again, unless we have to test level 5500 again.
What do you see?
I am, as well, not a technical trader and has no concrete foundations about trading. Based from the trend of Bitcoin, it seems the dip is indeed over. Another thing, the current trend is pointed upward with less probability of going down as low as 5500 again. There might have some strong resistance in attaining the recent ATH, but we will see that Bitcoin will stabilize on this current price.