Bitcoin: what if...

26 Jan 2018

Bitcoin: Please look at the last time RSI has been in oversold territory in the daily chart. Could it be there the starting point of a new progression? Could it make sense? I don't know, I am not a professional trader and these are only my personal ideas. Thank you for reading and for sharing ideas.

26 Jan 2018

Catatan

26 Jan 2018

Catatan

The idea is the following:
1) Price will keep falling until RSI arrives in oversold territory

26 Jan 2018

Catatan

Sorry let's start again...be patient...I am getting confused. lol

26 Jan 2018

Catatan

1) Price will keep following actual trend until RSI arrives in oversold territory

26 Jan 2018

Catatan

2) At a certain point it will hit a support and pause.

26 Jan 2018

Catatan

3) RSI will continue descending whilst price is supported

26 Jan 2018

Catatan

4) The more RSI will stretch, the more powerfull will be price next move

26 Jan 2018

Catatan

5) And this energy will help BTC to resume it's progressive growth once MACD and RSI confirms it.

26 Jan 2018

Catatan

Too simple? lol

26 Jan 2018

Catatan

I must learn to control my self-ego. Sorry for last comment.

26 Jan 2018

Catatan

26 Jan 2018

Catatan

Like an elastic. Not joking. lol

26 Jan 2018

Catatan

From there I can see the momentum growing of bulls coming back. That would be really nice. lol

26 Jan 2018

Catatan

Need time and patient but lots of opportunities if it unfolds this way. Let's see.

26 Jan 2018

Catatan

How has been the sentiment these days? Was it good enough for a start from the 10K support? I dont know.

26 Jan 2018

Catatan

RSI may get there if price complete the double bottom I posted here:

26 Jan 2018

Catatan

The double bottom would then be closed on 78% fibonaccio. A double bottom there will be like two solid columns for the future of BTC if buyers jumps in.

26 Jan 2018

Catatan

26 Jan 2018

Catatan

To me it seems an enternity looking at such longterm timeframes. lol