ItisCalvin
Long

Cheap coins or delusional buyers?

BITSTAMP:BTCUSD   Bitcoin / Dollar
337 1 7
This is a little bit harder to try to find the trend we shall go in. But I think that ATR is going to soon hit the highest point and begin a reversal up.

PSAR is literally so close to the price line that some movement up to 530 will cause it to switch over to BUY.

MACD is going to follow soon thereafter to confirm it.

Stoch RSI has been OVERSOLD for some time and seems to be crawling back up into BUY territory. IF it crosses over 50 that would indicate a BUY although it could bounce right back down if there is enough pressure. For now it seems to look like it is peaking.
I really don't think going down is going to last much longer, but for the moment volume is showing some good support for it. Likely a correction is due or we could keep retesting. Hard to judge the market right now with most indicators at critical points. You may want to wait and see if there is any changes.

Bull target: 557
Bear target: 480

Extreme Bear: 400
Extreme Bull: 590 - Retesting this triple top resistance

Targets have ± 4 accuracy.

Time frame: No later than 1 day 12 hours.
flibbr PRO
2 years ago
good notes. good chart. You are the man.
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