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spacetrader

BTC bottom probably reached, bouncing up to 704

Long
Bitcoin (BITSTAMP:BTCUSD)  
spacetrader Aggiornato   
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
Commento:
Loaded up on btc at $566, close enough to bottom for my taste. target $704. stop $548
Commento:
Noob warning. Do not listen to me.
Commento:
Forgot to show RSI is oversold. Weekly's analysis of RSI also shows roughly 120 day cycles and we're in bullish cycle.

Citazioni

drei4u
Four reasons why we might have just hit bottom
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