BTC Bounce Becoming Likely
Bitcoin moves fast and I am now seeing evidence it reached a near-term bottom and is becoming likely to bounce. The 34 Day EMA on the 1 Day chart has served as a reliable indicator of a bottom. Since the bull market returned, 
BTC barley crosses the 34 Day EMA and never for very long before a bounce.
In addition, a long held belief in Bitcoin is an RSI at or below 50 on the 1 Day chart is a good buy signal.BTC rarely comes near 50 RSI and when it does, it bounces. Bitcoin is sitting at 50.06 RSI as I am writing this.
This morning Bitcoin looked likely to fall and it fell. It now looks likely to bounce.
BTC barley crosses the 34 Day EMA and never for very long before a bounce.In addition, a long held belief in Bitcoin is an RSI at or below 50 on the 1 Day chart is a good buy signal.
BTC rarely comes near 50 RSI and when it does, it bounces. Bitcoin is sitting at 50.06 RSI as I am writing this. This morning Bitcoin looked likely to fall and it fell. It now looks likely to bounce.
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