Bitcoin trend analysis
Bitcoin / Dollar BITFINEX:BTCUSD
Short term, a month or more of downside or sideways action before a trend reversal come October.
Trend indicators shown here, ADX , MACD , and SAR , all showing that the trend is still bearish . Until i see a crossover on the weekly macd , or the ADX move above 20, then i believe we are going to see further downside before any change in the current bearish trend .