BITFINEX BTCUSD. Possible Triple Bottom Reversal.

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Sometimes its a simple pattern,

If BTC closes the day above the support lines in purple then we have a shot seeing a reversal.

Daily RSI shows us that we have broken the down trend and BTC is ready for an upwards move, baring any more bad news. I am more worried about Tether being an issue than regulation of the Asian markets.

Downside, If BTC breaks 9500, then its likely we see 8k.

Best guess its 50/50 right now.

注释

tradingview.com/chart/fCLgVlQy/

Another 3 reasons I believe 10K will hold and we will return to 13k+

Daily RSI has Crossed the Downtren line and stayed above at close for 2 days.

MACD has Crossed Bullish

Price has not closed below 10K Support or the previous resistance turned support line.

注释

No Reversal yet and we have broken the 10k support. Support of the previous downtrend resistance is holding for now.