ReeceRingnald
Long

Bitcoin easily recovers 17.5% within one day + v-bottom.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD has reversed 17.5% in very short order follow a v-bottom, showcasing a powerful bullish engulfment candle on excellent volume . Price then breaks out of its recent downchannel , and has now formed multiple pennants .

RSI is also trending up though still below that 50 line.

Momentum has double-bottomed but still below that zero line.

My hunch is that barring another news-driven event, BITCOIN will soon recover to at least $12500, but more likely back up to $14000.

That's just my hunch, and I could be wrong.
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