BitcoinLong
Short term bounce, long term downtrend
*Not financial advice, just an idea
S1 indicates the support level, low volume and previous support as indicators.
RSI daily reading into low 30s, oversold, reversal likely.
MACD crossover, buy signal.
No miner capitulation yet.
*Likely scenario, move towards R1. Followed by drawdown towards S1. Further confirmation needed for longer term. Miner capitulation around the corner? *
S1 indicates the support level, low volume and previous support as indicators.
RSI daily reading into low 30s, oversold, reversal likely.
MACD crossover, buy signal.
No miner capitulation yet.
*Likely scenario, move towards R1. Followed by drawdown towards S1. Further confirmation needed for longer term. Miner capitulation around the corner? *
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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.
Related publications
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.