Dear Traders,
I see some hints that the time of the bears have passed for now. Either the markets go bullish now or we see some consolidation in the upcoming days.
But i'm leaning towards bullish, the RSI seems to be in a good spot for a strong reversal. Nonetheless, I think this has been a good correction. It should sober up the markets for a bit and I've learnt alot. If you have anything to add feel free to comment.
I see some hints that the time of the bears have passed for now. Either the markets go bullish now or we see some consolidation in the upcoming days.
But i'm leaning towards bullish, the RSI seems to be in a good spot for a strong reversal. Nonetheless, I think this has been a good correction. It should sober up the markets for a bit and I've learnt alot. If you have anything to add feel free to comment.
Note
We've reached the 30 RSI on Coinbase.. but the other exchanges haven't quite gone under the 30 RSI. The whales there might start buying there once it hits 29 or less. So we're not really out of the woods yet. But I still believe a big reversal is about to happen. I will take profit once the RSI is overbought and RSI is 80
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Disclaimer
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.