Technical Analysis BTC/ DCC - what next, page-2

Great post, although a little pessimistic. Historically, the last couple of times DCC was oversold on the 4H, a tight daily range or doji marked the bottom and was followed by a recovery which managed to touch the upper bolinger band (which in this case would be the high teens), At which point i feel the odds of bullish/bearish follow through are about equal.



Im banking on the exact same thing playing out this time, if we close at 14c it will mark a nice bullish doji for the oversold conditions. And although we are missing the volume climax which often confirms the bottom I still feel we are due for a bounce. BTC is also oversold and is currently bouncing from oversold conditions, if the BTC bounce can recover above $8000 and hold it by monday (and/or DCC make some positive announcemnets) I think we will see a nice recovery to the high teens, maybe 18c.