Bitcoin is bottoming. Buy now. Back to 370 and possibly beyond!

BITSTAMP:BTCUSD   Bitcoin / Dollar
109 0 1
Recently Bitcoin finally broke support as strength continued to fall at support.
-Right now Stochastic RSI %K is nearing the limit, there is a strong possibility it will rise. As I began building this chart is was 0, now its above 2.
-RSI did not yet cross below 30, so no sell signal in RSI
-Percent Rank Tops-Bottom showing bottom
-Price has moved below the lower band of the Bollinger band . Considering %K in Stochastic RSI is moving up as I type this, Likely there will be a reversal.

Look for Stochastic RSI to Cross, it most likely will. Bitcoin has bottomed. I will be looking to get out at 370 if there are bearish conditions when Bitcoin moves back to that price. Otherwise, I will re-evaluate and possibly stay in a long position.

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out