garyreza
Long

WTF is Happening - Part2

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I don't see any valuable information on 1D chart that I didn't talk about on my other post using 3D chart

There is only this one: Stochastic is way below 20 and we have MA50 as support right now. These two should cause the price to hold and go up, not to mention we also have the upper bond of the major support area . Breaking this support area that we have and going further down is not probable, especially considering we should have get out of the downtrend soon. If we break this area and go down, depending on the next targets, it might take like years to see new ATH (All Time High). Also might be good to mention that TDSeq is predicting a turning point now, means this indicator is waiting for one to happen soo.

In a nutshell, overall the price should not go below ~$6800, though we need a green candle with good volume and body to make sure this area is holding as support.

Remember that "The stock market is a device for transferring money from the impatient to the patient."
Garyreza (@Analytca)
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