Potential Bottom for BTC/USD found

For the people that have lost all hope, this might give you some hope ;)

Volume is declining, usually that indicates a volume spike is coming, the volatility is also near all-time low, this would indicate a move is coming soon.

The big bad bearline is soon to be touched, most likely the catalyst for the move that is coming.

I suspect we create an Adam and Eve bottom here, on the 500 MA seems a good common place for the market to at least go sideways.

Kommentera:

So far there was a small move, not as extreme as anticipated yet.

It seems since the post of this chart LTC and ETH have made some nice moves upwards, last time LTC and ETH started the big bullrun/the great FOMO.

Also the bigger stock-markets us500 and uk100 do not look as strong.