Bottom is in at $8,000

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
1739 8
The fifth wave of the falling wedge has reached the bottom at $8,000. A lot of pressure is built up as can be confirmed by the coil up in the RSI . Expect a strong bounce.
Comment: Rejected
Then you didn't believe in this chart?
good point on this daily RSI observation ! ++
thanks a lot for this spotter
+1 Reply
RSI coil-up is a good observation. I didn't see that one.
+1 Reply
AEFM sn0wcrash
@sn0wcrash, hope this chart will be the catalyst for the bounce :D
Haven't noticed the RSI was coiling up... Thanks for sharing!
+1 Reply
AEFM rexlomax
@rexlomax, RSI coil ups on 4h/daily in BTC always provide for a good bounce :)
@AEFThank you :)
+1 Reply
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