Looking at the time frames from Bitcoin bottoms matched up against the StochRSI bottoms as well as the RSI midpoints we can see Bitcoin is clearly beginning its uptrend now. It is oversold and we are seeing the beginning of its new leg up inside of its parabolic trend. The parabolic trendline is still in tact and we should see it follow its upward trendline inside of the parabolic trend over the course of the next 6 weeks.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.