Mr_McManus
Long

BTC LOG support levels - trend analysis

BITFINEX:BTCUSD   Bitcoin / Dollar
RSI oversold and MACD priming a move upward crossing over the EMA .

Logarithmic support level at around $7000 could be a spring to launch price to break resistance level of $9200 (26.3% fib resistance line)

If BTC             closes below log support level , next support would be between $2500 -$3000


BITFINEX:BTCUSD            
Kommentar: The last two times RSI touched 30, there was a strong bounce of more than 30%, both situations occurred after a short downtrend.
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