Predicting the next Bitcoin bubble with Stoch RSI and DMI Stoch
Obviously the Bitcoin price is currently in oversold territory - meaning the price can still sink a few US Dollar lower, but the price dive shouldn't be as dramatic anymore like it was from $683 to $442 or previously from $1163 to $339.
Using two Fibonacci Time Zones interestingly the Coppock curve might reach a low area where the second Fib Time Zone (which started in Summer 2013 at the $63 pivot point) indicates a reversal point on September 14, 2014 (time zone line no. 3). The Directional Movement Index Stochastic and the Directional Movement Index Stochastic Extreme indicators both currently signal a buy cross during the time this chart was published (price at chart creation was $475).
P.S. The DMI Stochastic was adapted for TradingView by user TheLark (tradingview.com/v/O50vyKmV/) and user ucsgears changed it to the Extreme version (tradingview.com/v/FfH0rDu3/)
Using two Fibonacci Time Zones interestingly the Coppock curve might reach a low area where the second Fib Time Zone (which started in Summer 2013 at the $63 pivot point) indicates a reversal point on September 14, 2014 (time zone line no. 3). The Directional Movement Index Stochastic and the Directional Movement Index Stochastic Extreme indicators both currently signal a buy cross during the time this chart was published (price at chart creation was $475).
P.S. The DMI Stochastic was adapted for TradingView by user TheLark (tradingview.com/v/O50vyKmV/) and user ucsgears changed it to the Extreme version (tradingview.com/v/FfH0rDu3/)
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