nevzus
Short

Bear flag, wait for the second dip in RSI for the bottom

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
There is a bear flag formed, that indicates one more drop in price. If that drop comes with a slightly higher RSI dip, it will be the confirmation of bottom and price will rise from there on to MA50.
Comment: RSI dip test was also observed in 19 January, 2015 before bull market. The same thing can be expected and the bottom will probably be around $2000-2800.

Note that this is not a trading advice, DYOR before investing..
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