BTC/USD Target $440
There appears to be a descending triangle, which if it breaks would put us at about a $440 price target.
RSI has lower lows and lower highs and is perfectly aligned with the MACD.
As you can see on 2014-06-24 the RSI made a new low, yet the MACD histogram did not, which signaled a potential reversal coming.
On 2014-07-29 RSI dipped to over-sold territory (good time for a bounce) and the MACD histogram made new lows as well (they are both in agreement for new lows coming). During this bounce Bitstamp made it to the 50% retracement and has since fallen.
Finally, the 3D and 1W MACD have all turned negative and are building downward momentum.
RSI has lower lows and lower highs and is perfectly aligned with the MACD.
As you can see on 2014-06-24 the RSI made a new low, yet the MACD histogram did not, which signaled a potential reversal coming.
On 2014-07-29 RSI dipped to over-sold territory (good time for a bounce) and the MACD histogram made new lows as well (they are both in agreement for new lows coming). During this bounce Bitstamp made it to the 50% retracement and has since fallen.
Finally, the 3D and 1W MACD have all turned negative and are building downward momentum.
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