stefcom

Bitcoin: Signs of a Trend Reversal

Long
stefcom Premium Updated   
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitfinex:BTCUSD currently shows multiple Divergences on the 2hour Chart:
a few hours ago, ...
These Divergences indicate that a Trend Reversal might happen soon.
I assume that Price will start to rise - at least to the level of the weekly Pivot-Point at 8306.
Comment: Although there's still a red candle on the 2hour chart, there's a bullish divergence of Price vs CCI on the 1hour chart:
Comment: Looking at the Dailies there was a strong bullish Divergence at the End the of September - and RSI was in the oversold area but is now rising again.
Trade closed: target reached: Target was hit finally!

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