BTC = When to Buy Back?

21 Eyl 2017

We can see price got rejected by the downward trend line. It was a good time to sell.

Now looking to buy back

Possible Buy Entry = 1

1. Expected to bounce off kumo cloud.
2. 0.5 - 0.618 Fib levels

Possible Buy Entry = 2

1. Expected to bounce off bottom kumo cloud.
2. 0.786 - 0.883 Fib levels
3. Trendline support

RSI = Bearish

Sqz Mom = Bearish but its weak.

23 Eyl 2017

Not

As you can see BTC bounced on the 0.5 fib.
Yesterday's candle ended in Doji formation.

It signifies that sellers are exhausted now.

Fundamental = There is still fear in the market with the news coming from china about ban on exchanges and rumors floating around on ban on mining too.

Conclusion : Overall BTC does look bearish although its weak with sideways movements