BitcoinLong
feeling very bullish.
currently if we take a look at the 4 day chart we see bitcoin has printed a bull flag. yes I know its a ugly bull flag with a bunch of wicks but if you take a moment and look at the volume we are at the lowest volume in relation to the big move towards 14k back in June. the oversold stock RSI,which is currently seeing a move upwards trending , is what is making me lean bullish. this is in tandem with a bounce off the zero for the cci momentum indicator. if you look back at previous bull-markets both RSI and CCI typically bounce off the middle segments of their graphs.
currently I am looking for a breakout at the 11k mark, the stock rsi needs to move back in the the purple region for a confirmation that we are moving out sellers and back into the buyers market.
currently I am looking for a breakout at the 11k mark, the stock rsi needs to move back in the the purple region for a confirmation that we are moving out sellers and back into the buyers market.
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