bwy
Short

BTC/USD Target $440

BITSTAMP:BTCUSD   Bitcoin / Dollar
621 2 4
There appears to be a descending triangle , which if it breaks would put us at about a $440 price target.

RSI has lower lows and lower highs and is perfectly aligned with the MACD .

As you can see on 2014-06-24 the RSI made a new low, yet the MACD histogram did not, which signaled a potential reversal coming.

On 2014-07-29 RSI dipped to over-sold territory (good time for a bounce) and the MACD histogram made new lows as well (they are both in agreement for new lows coming). During this bounce Bitstamp made it to the 50% retracement and has since fallen.

Finally, the 3D and 1W MACD have all turned negative and are building downward momentum.
Nice call!
Reply
bwy PRO timwest
Thanks, I appreciate that :)
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out