Bitcoin: what if...

Jan 26, 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.

Jan 26, 2018

Note

Jan 26, 2018

Note

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

Jan 26, 2018

Note

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

Jan 26, 2018

Note

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

Jan 26, 2018

Note

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

Jan 26, 2018

Note

3) RSI will continue descending whilst price is supported

Jan 26, 2018

Note

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

Jan 26, 2018

Note

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

Jan 26, 2018

Note

Too simple? lol

Jan 26, 2018

Note

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

Jan 26, 2018

Note

Jan 26, 2018

Note

Like an elastic. Not joking. lol

Jan 26, 2018

Note

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

Jan 26, 2018

Note

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

Jan 26, 2018

Note

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

Jan 26, 2018

Note

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

Jan 26, 2018

Note

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.

Jan 26, 2018

Note

Jan 26, 2018

Note

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