Bitcoin Long and short trend convergence indicator
Updated
The long trend lines and short term lines intersect at the same approximate point indicating a bottom buying opportunity. Enhanced by RSI data, this convergence puts us at a hypothetical bottom and will allow for short or long term gains. If I had it, I would buy in at this convergence and look for 30-40% sell opportunities. If RSI data does not support the convergence, re-evaluation will be needed and long term lines redrawn. Data points to an upturn and a possible bull run to at least 10K
Note
Bottom broken. I bought at $7250, will buy more on the way back up.
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