BTC Short Term Bounce?

Whenever, the price goes up or down too fast, the price almost always retraces. Bitcoin has gone down 20% over the last two days, and is looking to make a short term bounce. A quick glance at the RSI and we see that it has broken the former trend line , which now is the support line. The RSI is no longer in a downtrend, but starting a uptrend. There also a cross over on the MACD , indicating the bears are losing momentum and can't drive the prices lower.

At the bottom, we see a long doji candle. These type of candles are often a powerful reversal signal. In addition, Bitcoin failed to made a higher low, which could mean that the downtrend is over.

Possible Trade Setup:
Stop Loss: 13700 (Slightly lower than the current low)
Target: 15740 (upper trend line in descending triangle )

What is a cross over?

What is a doji candle?
手動結束交易: Bitcoin is starting to trade sideways again so I'm closing my positions to reduce risk. Bitcoin could go either way at this point.
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