JuanAugusto

(Update) Trends, Fibonacci retracements and double bottom

BITSTAMP:BTCUSD   Bitcoin
The previous analysis is being confirmed. The first possible bottom (yellow) is discarded, but RSI tendency seems to support the next objective in the surroundings of $275-280. This local maximum will coincide with a maximum at the SP500, since it is expected a drop around the end of May (see my related SPX500 idea).
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.