spacetrader
Long

BTC bottom probably reached, bouncing up to 704

BITSTAMP:BTCUSD   Bitcoin / Dollar
656 8 7
Lots of debate on this one. Just loaded up on btc as I think this was the temporary drop from the descending triangle inside a descending wedge . The height of triangle suggested bottom should be around $560. Wedge top is around $610. From there it should fire off towards next FIB level at $704
Comment: Loaded up on btc at $566, close enough to bottom for my taste. target $704. stop $548
Comment: Noob warning. Do not listen to me.
Comment: Forgot to show RSI is oversold. Weekly's analysis of RSI also shows roughly 120 day cycles and we're in bullish cycle.
So far the uptrend is holding well, who knows what the future brings. Zoomed out view:
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spacetrader PRO spacetrader
Damn target is in the way:
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spacetrader PRO spacetrader
Closeup:
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spacetrader PRO spacetrader
Weekly
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spacetrader PRO spacetrader
Interesting C&H observation
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veryevilone PRO spacetrader
Biggest cup and handle ever. If it completes i wonder how high the price will shoot. Have a nice day. Thank you for your charts.
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spacetrader PRO spacetrader
Slow progress. Could go either way.
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spacetrader PRO spacetrader
So far so good. Rough prediction
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