TheRealJohnConnor

Turning Point

Long
BITSTAMP:BTCUSD   Bitcoin
5
Either Current Point is the Bottom for Bitstamp or it Will be at SMA(200) Around 460-480 Which is Not Far.
It May Be the Current Point Because of Double Bottom Shown by Red Arrows and Possible Cross of MACD in Addition to Visible Bullish Divergences, but if it's not, It Will be Found Around SMA(200) or in Worst Case Scenario Around 420 Which is a Very Powerful Weekly TrendLine

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.