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unaveragejoe
May 25, 2018 6:17 PM

BTCUSD - Signals Long

Bitcoin / DollarBitfinex

Description

I have some support levels in this chart based from past tops/bottoms.

MACD and oversold RSI show that a positive bounce is imminent. This will likely be followed by a longer term downside continuation.

I'm expecting some alts to pop significantly on this bounce.

Summary: short term bullish (1 month), medium term bearish (2-4 months), long term bullish(6 -8 months+).

Fib retracement zones show that BTC has retraced 70% since its ATH, there's still room for a deeper correction.

Comment

Saw this analysis online today, I https://agree.https://www.ccn.com/bitcoin-price-to-bottom-at-5700-in-short-term-but-recover-analyst/amp/
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