BTC / USD has had a rough ride lately but the tide may have turned.
The daily chart show that we are in over-sold territory. Every time BTC traded in these over-sold territories it rebounded.
Moreover, the MACD is is trying to turn up which is also a positive sign. Yet to be confirmed but it looks good.
The 4-hour chart is also showing positive signs. Price action broken the red line but then (thanks to the SEC) rebounded above it. BTC tested already the 55-day EMA. I think there is now more room for upside.
Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.
