BTC bottom probably reached, bouncing up to 704

14 באוג׳ 2016

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

14 באוג׳ 2016

הערה

Loaded up on btc at $566, close enough to bottom for my taste. target $704. stop $548

14 באוג׳ 2016

הערה

Noob warning. Do not listen to me.

14 באוג׳ 2016

הערה

Forgot to show RSI is oversold. Weekly's analysis of RSI also shows roughly 120 day cycles and we're in bullish cycle.