$BTCUSD broke it's down trend and is heading up.

OKCOIN:BTCUSD3M   Bitcoin / Dollar Forward 3 Months
162 0 3
You can see that the down trend was broken for about 2 days on this Quarterlies Chart and the RSI also broke it's down trend going flat, This gave an excellent opportunity to open a long position yesterday before the $25 move up and we are still in a good position to add to the long with low down side risk. We are back in the long term up trend for now because global commodity and equity markets are looking very weak.

On Dec 20th when I predicted the down trend channel, I had wanted to see the down trend continue to $350 BTC             but also showed the dotted line as and alternate exit to the down trend. The market chose the alternate route I believe because of the rapidly weakening global commodity and equity markets which increased capital flight.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out