After months of decline* Bitcoin is arriving at a bottom. I see the momentum change to become bullish this week in this area above the Fibonacci retracement where Bitcoin is starting to create a double bottom pattern, if you only consider the real body of 1d candlesticks without the lower shadows (wicks). And BTC is currently at my scenario "B":
meaning if the price bounces here it would be a strong signal.
If not, then we are in for a new tragic slow downtrend for another couple of months in 2015.
* (www.tradingview.com/v/7mPxsnSP/)
P.S. If you like my charts, you can leave me a tip:
1PmAnb2htvHnCbwNAxkV7b8XvVQyQ7LQLg
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If not, then we are in for a new tragic slow downtrend for another couple of months in 2015.
* (www.tradingview.com/v/7mPxsnSP/)
P.S. If you like my charts, you can leave me a tip:
1PmAnb2htvHnCbwNAxkV7b8XvVQyQ7LQLg
Thanks!
