BTC/USD Double Bottom and (Short Term) Upwards Trend Imminent
Short term history MACD and RSI as well as a double bottom indicate that BTC/USD should start pulling up. Stop is set slightly below the second dip.
Note that the medium term is bearish. If you are looking to cash out your BTC before a larger crash, the time is within the next week or so. There is a head and shoulders pattern that started mid June, and the bounceback did not reach as high as the previous pattern, which could mean that the overall downtrend will continue. If the MACD becomes bearish again after a short upturn in the next week or two, that is the time to sell.
Note that the medium term is bearish. If you are looking to cash out your BTC before a larger crash, the time is within the next week or so. There is a head and shoulders pattern that started mid June, and the bounceback did not reach as high as the previous pattern, which could mean that the overall downtrend will continue. If the MACD becomes bearish again after a short upturn in the next week or two, that is the time to sell.
