BTC USD Trend - Bollingerbands - 1 Hourchart

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I think the down trend trend continues.. 5500usd could be first support line

**** This is NOT an investment advice and idea ------
Comment: it can be double bottom formation
I think the RSI is indeed overbought and the whole correction needs some stabilisation. But the bulls are powerful and investor news has been positive!
+1 Reply
Try looking at it on a 1D chart and draw %B (50 period) of the RSI, and draw Bollinger bands around that.
+1 Reply
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