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spacetrader

BTC bottom probably reached, bouncing up to 704

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Bitcoin (BITSTAMP:BTCUSD)  
spacetrader Atualizado   
BITSTAMP:BTCUSD   Bitcoin
BTCUSD
7
8
btcusd
Lots of debate on this one. Just loaded up on btc as I think this was the temporary drop from the descending triangle inside a descending wedge. The height of triangle suggested bottom should be around $560. Wedge top is around $610. From there it should fire off towards next FIB level at $704
Comentário:
Loaded up on btc at $566, close enough to bottom for my taste. target $704. stop $548
Comentário:
Noob warning. Do not listen to me.
Comentário:
Forgot to show RSI is oversold. Weekly's analysis of RSI also shows roughly 120 day cycles and we're in bullish cycle.

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drei4u
Four reasons why we might have just hit bottom
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