PolarHusk

BTC/USD TA Update (Temporary Bottom?)

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BITSTAMP:BTCUSD   比特幣
BTC/USD

Bitcoin bounces off 2 times at key down-line support with long wicks as the price is reacting to this level.
A nice big Bull volume after RSI found support at 21 oversold levels.
We may just hit a temporary bottom but as long as we don't change the 4hr time frame trend,
Bears are just patiently waiting for another potential Lower High to bring as to new Lower Low.
The daily trend is still Bearish so we must be cautious trading Long positions.


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