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BTC - trend reversal signals

BITFINEX:BTCUSD   Bitcoin / Dolar
BTC             looks to have changed trend within the channel established last year, evidenced by trends in the 3 min chart. This suggests overall upward movement for the next week or two. Over the next day or two, there may be a double bottom before firmly establishing the upward trend.

Similarly, the trends have reversed when near the SMA 50, and we see this pattern again.

Time will tell, but it may be a good time to buy back in (now or on a dip).



Komen: May be the formation of the double bottom as we speak.

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