This could be the end of Bitcoin's 2014 downtrend!

4 thg 11, 2014

After months of decline* Bitcoin is arriving at a bottom. I see the momentum change to become bullish this week in this area above the Fibonacci retracement where Bitcoin is starting to create a double bottom pattern, if you only consider the real body of 1d candlesticks without the lower shadows (wicks). And BTC is currently at my scenario "B": tradingview.com/v/WUC4JjYo/ meaning if the price bounces here it would be a strong signal.

If not, then we are in for a new tragic slow downtrend for another couple of months in 2015.

* (tradingview.com/v/7mPxsnSP/)

P.S. If you like my charts, you can leave me a tip:
1PmAnb2htvHnCbwNAxkV7b8XvVQyQ7LQLg

Thanks!