Bottoming pattern BTC and LTC forming

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We see MACD divergences ( higher lows on the indicator and lower lows in price action) which tells us the bears (sellers) are running out of steam.

We may finally have hit the bottom here. Bitcoin also touched the 100 Ma which, as history tells us, always indicated an upmove in the near term. Bitcoin looks to be a bargain here. Any move above 12500 may inflict stronger bullish momentum.

Lets us see how this develops, things look brighter and we may finally be starting to recover from all the FUD that has been written by media.

Good trading,


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