Lots of debate on this one. Just loaded up on btc as I think this was the temporary drop from the descending triangle inside a descending wedge. The height of triangle suggested bottom should be around $560. Wedge top is around $610. From there it should fire off towards next FIB level at $704
Komentarz
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Loaded up on btc at $566, close enough to bottom for my taste. target $704. stop $548
Komentarz
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Noob warning. Do not listen to me.
Komentarz
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Forgot to show RSI is oversold. Weekly's analysis of RSI also shows roughly 120 day cycles and we're in bullish cycle.