Same price action than 2014, Indicators look pretty much the same, RSI shows bull div on daily, Macd histogram shows that the bear momentum is over. Next targets $4724 and $5200 which is the 21 weekly moving average and this will be my max target for this move, after that it will make new lows, bottom around $1750 and $1330
the price is approaching an important resistance at around $55 level and the indicators are showing reversal signs. Stoch rsi double top, RSI bearish divergence and Macd histogram bearish divergence as well. entries and targets at the chart.
The market will find a temporary bottom in the next 48 H - $3112 - $3184 we can see a good bounce from this level, short term targets on the chart.
Note: This is not the end of the bear market, is just a temporary bottom. Keep in Mind this is the Bitmex chart, values in other exchanges might be a little bit higher.
Currently showing reversal pattern from 1 day to 4 hours chart, We can see bullish divergence and reversal candlesticks patterns. Strong buy at $3700/$3800 level, some institutional money is getting into the market.