ChartArt

Small bounce or game over for Spring 2015?

BITFINEX:BTCUSD   Bitcoin / Dollar
540 5 2
Bitcoin is at the cross-road between resuming the long-term multi-month downtrend in the coming weeks or giving the uptrend another new chance after a massive sell-off. Using the new LazyBear multi-time frame indicator (https://www.tradingview.com/v/WPXemjOf/) the signal is showing in 2 timeframes (240/360) that there is at least a small chance that at least a short-term bottom for 1-2 days is reached at time of publishing this chart.
jangseohee
2 years ago
both trend lines broken, triangle broken down,
what's next?
snapshot
Reply
IvanLabrie PRO jangseohee
2 years ago
Now we revisit the lower end of the spectrum, 150 first, then 124 and 86.
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BuyBitcoin.WS IvanLabrie
2 years ago
agreed but first bounce will be at 185-200 level imo before going to 150 and lower..
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IvanLabrie PRO BuyBitcoin.WS
2 years ago
The strongest levels are the ones I mentioned in my view.
Highest chance of reversal when meeting them.
+1 Reply
LazyBear PRO
2 years ago
Here's a recent chart with 4hr/6hr/12hr/1D RSI MTF Pane.

snapshot


The 4hr/6hr are oversold, and technically this should cause a small bounce *atleast*, but this is BTC :)
+4 Reply
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