garyreza
Long

Are we going to see a reversal soon?? 1D-Part7 (continuation)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
DMI (which is a lagging indicator) is super bearish , but Stoch is bullish (especially if we hit a new high). Always remember when you see a strong trend has been formed, there is a high chance of reversal, and reversals always come into play, so wait for one. TD seq didn't hit candle #9 for a while during last downtrend (which is usually a sign of a trend weakening), and we broke the BB20 line (which usually follows a bull run, even if its minor and not major, check the last two tops). We can see a slight pull back after hitting MA50 and have some trouble breaking it, but overall we can be slightly bullish , even on long term.
For additional information check the previous ideas (Part1-Part6).


Remember that "The stock market is a device for transferring money from the impatient to the patient."
Best,
Garyreza (@Analytca)
dmi is getting less bearish
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