BTCUSD - Long Term Buy Zones
A bunch of things to note here on this weekly chart:
- Decreasing volume as a signal for trend change
- Last fib retracement zones for 2014 bubble overlayed on the recent cycle
- Overall log trend lines/support lines at previous high volume spikes
- Possible MACD bullish cross on the weekly
- Approaching oversold levels of RSI comparable to 2014 bear market
Blue box on the weekly price chart represents approximately when (<5k in Q4) I will likely start buying BTC with fiat.
Hope that's helpful for you all!
- Decreasing volume as a signal for trend change
- Last fib retracement zones for 2014 bubble overlayed on the recent cycle
- Overall log trend lines/support lines at previous high volume spikes
- Possible MACD bullish cross on the weekly
- Approaching oversold levels of RSI comparable to 2014 bear market
Blue box on the weekly price chart represents approximately when (<5k in Q4) I will likely start buying BTC with fiat.
Hope that's helpful for you all!
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