Obviously the Bitcoin price is currently in oversold territory - meaning the price can still sink a few US Dollar lower, but the price dive shouldn't be as dramatic anymore like it was from $683 to $442 or previously from $1163 to $339.
Using two Fibonacci Time Zones interestingly the Coppock curve might reach a low area where the second Fib Time Zone (which started in Summer 2013 at the $63 pivot point) indicates a reversal point on September 14, 2014 (time zone line no. 3). The Directional Movement Index Stochastic and the Directional Movement Index Stochastic Extreme indicators both currently signal a buy cross during the time this chart was published (price at chart creation was $475).
P.S. The DMI Stochastic was adapted for TradingView by user TheLark (tradingview.com/v/O50vyKmV/) and user ucsgears changed it to the Extreme version (tradingview.com/v/FfH0rDu3/)
Using two Fibonacci Time Zones interestingly the Coppock curve might reach a low area where the second Fib Time Zone (which started in Summer 2013 at the $63 pivot point) indicates a reversal point on September 14, 2014 (time zone line no. 3). The Directional Movement Index Stochastic and the Directional Movement Index Stochastic Extreme indicators both currently signal a buy cross during the time this chart was published (price at chart creation was $475).
P.S. The DMI Stochastic was adapted for TradingView by user TheLark (tradingview.com/v/O50vyKmV/) and user ucsgears changed it to the Extreme version (tradingview.com/v/FfH0rDu3/)
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.