BTC Bullish Reversal within 10 days? (BTCUSD)

in #bitcoin6 years ago

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Directional Movement Index (DMI) Blue line ( bullish strength) is below 10 which has always led to upwards reversal. (Because DMI lines have a tendency to go back to 25). Blue line is currently at 7.66 (lower than previous 6k and 6.4k bounces) but still a bit to go to ATL of 3.70 which happened during height of bear market in 2014-2015.

EWO 0.00% has yet to show a lower low (ie lower than previous immediate low), so continued downwards movement is likely.

OBVOSC ( On Balance Volume Oscillator) is still within the trend line drawn to depict a bullish divergence .

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