Bitcoin Bottom ?

Bitcoin is in the process of forming a bullish reversal on Monday.

Bitcoin broke below the day 24 low on Monday, extending its daily cycle decline. Monday is day 34, placing Bitcoin in its timing band for a DCL. There are bullish divergences developing on the oscillators which suggest that a bottom is near. A swing low and a close above the 10 day MA will have us label day 34 as the DCL.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.