That support that just formed made me really suspicious. lol
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Please read my prevous posts on BTC. Promise it may be worth it if you want to trade BTC.
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Sorry wrong one
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The the descending lines represent the actual trend
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Look at where the price was stopped on the RSI
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Look where it was stopped by the 50SMA
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The MACD is not wrong. Is just indicating something else that has not occurred yet and may never occurred. It depends what it does in shorter timeframes.
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But that stop on the 50 line of the RSI and that stop on the 50 SMA are important stops. The bulls tried to take control but stopped at crucial points.
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You can see the fight between bulls and bears by looking at volumes.