spacetrader
Long

BTC bottom probably reached, bouncing up to 704

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
658 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 spacetrader
Damn target is in the way:
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spacetrader spacetrader
Closeup:
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spacetrader spacetrader
Weekly
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spacetrader spacetrader
Interesting C&H observation
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veryevilone 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 spacetrader
Slow progress. Could go either way.
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spacetrader spacetrader
So far so good. Rough prediction
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