piatt.jesse
Long

Possible trend reversal soon.

COINBASE:BTCUSD   Bitcoin / Dollar
This apply s to both LTC and BTC -11.21% as the charts on the two are almost identical as normal. BTC has reached the bottom of the pennant , the RSI , Macd and Stoach are all showing well oversold at this point and the 1day charts are now in a position to support upward ward movement. With this last drop down to 213 believe the bearish trend will turn neutral for some sideways action as the 1day Macd works into a position to cross over, at that point look for higher highers and higher lows all the way back into range of the previous ATH -0.21% of 20k. I have closed out my short positions in LTC and am now long, looking for 250, 300 and 375 for a minor pull backs. Good luck and happy New Years.
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