ELLIOT0511

Bitcoin - Stoch RSI 0 + Support

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
As we see from the chart we have a double confirmation that this DIP is almost at the end, we can establish it from the fact that, besides the fact that the price is bounced on the main support, we also have Stoch RSI at 0, this happened only 6 times from Bull market start and there was always a rebound, I don't see reason why this time the same thing should not happen, the Bull market has just begun, don't scare yourself because there is no reason.

Comments

The weekly chart still shows a downward trend. What do you think about abaout this?
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ELLIOT0511 ericksonalexandre
@ericksonalexandre, I can't see any bearish signal currently on the weekly chart
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@ELLIOT0511, The weekly chart's trend has been confirmed. The fall occurred.
The Fibonacci monthly chart shows that if it falls below US$38,000 the btc should reach US $ 21,000 and then recover and reach US$100,000. Historically this is what happens. What do you think about this?
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