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mytorc
Sep 14, 2017 11:42 AM

BTCUSD Bullish RSI divergence - bottom near? 

Bitcoin / U.S. dollarBitstamp

Description

Probably a small drop further yet - but bullish RSI divergence now evident on 4hr and shorter time-frame charts.

Current bottom nearing?

Followed by small rise and after that who knows further correction of the daily and weekly chart still possible prior to next major bull run - best stay sharp...

Comment

Latest drop has cleared divergence on 4H and is insignificant on lower time-frames. Therefore further downside becomes more probable?
Comments
mozartc
down. 3k or less
mytorc
@mozartc, Reckon you're odds on correct - possibly even to main channel bottom around $2660 - as with previous drops this sharp and deep ...

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