Sherem

Could this be a local BTC bottom?

Long
Sherem Updated   
BITSTAMP:BTCUSD   Bitcoin
I am entering BTC again here. We can see that this 50% fib has held up really well and BTC just hasn't been able to crack it to the downside.

We can notice MACD turning to the upside on the DAILY. RSI coming off an oversold bottom and coming up, as well as an inverse head and shoulders pattern. Good enough for me to buy in.

Cheers,
-Sherem
Comment:
We have breached the main resistance, more upside incoming -

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.