- I've marked oversold cycles using the blue rectangles.
- We've bounced off of the 50% Fibonacci Retracement line
- RSI appears to be on the lower end of the cycle.
- Moving averages have converged and have just recently crossed
Zooming in a bit you can see a symmetrical triangle forming:
It looks like we've got some solid signals to continue this increase as long as we can fight off the FUD of August 1st. Perhaps one step closer to John McAfee's prediction today.
What do you all think?