New bull run for bitcoin? Long

Bitcoin / U.S. DollarGemini

Description

⋅ Aug 5, 2018 12:18 AM

RSI is currently very oversold on the 4 hour chart.

It looks like bitcoin has reached the bottom and a new bull run may be possible over the coming days.

Comments

hung.nguyenmanh5

⋅ Aug 6, 2018 11:22 AM

4 hour chart turned oversold many times during the dump in May. Might lead to a bounce instead and them go down!

marcusfx777

⋅ Aug 5, 2018 8:17 PM

we have a 50 and 61.8% fib retrace on d1 that would be more solid foundation for the bull run in my opinion

dRends35

⋅ Aug 5, 2018 1:13 PM

Little volume; oversold bounce. Big bearish engulfing candle on the weekly.