elispencergill

Possible Triple Bottom Reversal BTC vs Bearish MACD

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We have a possible triple bottom forming around the 8400 mark, with a bearish MACD cross happening as we speak iwe could fall through this support and head down to the next support around 7550. However, there is a small chance we could bounce off the triple bottom support and start a reversal pattern, as you can see BTC is very over sold at this point and we could see a bounce in the bulls favour.

*8400 is a very important moment for BTC
I see the same thing, RSI is telling some kind of bounce
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@OneTradeMan, I agree, although the bounce looks to be coming a bit earlier than the 8400, i think it would be a stronger if we bounce all the way down to the 8400 mark
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