The indicator shows that the BTC is massively oversold and that's by all means a positive thing. However, anything can happen in the market and therefore the indicators don't always show the future. I've drawn three possibilities, but I'm still optimistic that we finally can see some upward movement. So look over the market: stay cautious, do not overreact or...
By the looks of it, we are currently in Accumulation Zone. I've written two possible scenarios but the blue one is more realistic although anything can happen so keep an eye out!
Hopefully we are close to starting a wave 3.
Showing a lot of positive signs. You should try to enter when it goes above 0.00000032 or above.
From the chart we can see a Bullish Falling Wedge pattern and if that is the case, you should try to get in when the the MACD breakes out to the upside.
What we see is what could be a Cup and Handle pattern. Let's hope that is the case!
Hopefully we can break the the Resistance Line. Red Rectangular the the sell zone if it does happen.
The graph shows a Bullish Expanding Triangle and we still haven't encountered a breakout yet so these are my predictions for Bitcoin all of which are just possibilities.
If we want to breakout, we need to break a 0.00000031 level. Green, continuously rising volume shows us it's near.
Dent currently looks very strong and WILL have a huge breakout at some point in time. I think, now is the time to get DENT at the lowest selling price. Good luck and don't miss a train!
I think we've definitely hit the bottom, we will look for a rally to the upside.
As we can see from the graph, we are in a small accumulation phase before trending upwards again. Any of those marked possibilities are equaly likely. Good luck.
We've had an accumulation phase and now we've almost reached the top of a positive. Nevertheless, look out for any hooks and play smart.