TradingView
smilingllama
Jul 14, 2018 9:50 PM

Bitcoin trend analysis Short

Bitcoin / DollarBitfinex

Description

Short term, a month or more of downside or sideways action before a trend reversal come October.

Trend indicators shown here, ADX, MACD, and SAR, all showing that the trend is still bearish. Until i see a crossover on the weekly macd, or the ADX move above 20, then i believe we are going to see further downside before any change in the current bearish trend.
More