You can see that the down trend was broken for about 2 days on this Quarterlies Chart and the RSI also broke it's down trend going flat, This gave an excellent opportunity to open a long position yesterday before the $25 move up and we are still in a good position to add to the long with low down side risk. We are back in the long term up trend for now because...
The black boxes show the repeat of the exact same 7 or 9 movements.
Looking for BTC to find support on the 50 day Moving Average (MA) or 200 MA. Also, looking for the RSI to make a new low below 45 and likely move below the 30 indicator as it has historically.
Large Triangle forming on the 2-month support line. Bullish Trend will continue along the 2-month Linear Regression line with the greater divergence continuing to be on the upper side of the trend line. 2100 CNY ($339 USD) is the short term target price.
This is a strong reversal from a long bearish trend. Currently consolidating around $250 and moving up from there. Looking to follow the same upward pattern as in February and March and move above the March high of $304 to a target of $330.