Bitcoin hit its bottom
Trade setup:
Entry Price: 38000 USD
Target Price: 40000 USD
Target Price 2: 42000 USD
We can see in the price chart that the price of Bitcoin seen to have bottomed out, and this movement can also be seen in all three measured indicators.
The RSI hit its perceived bottom at 22 and the MACD also seemed to have the same bottom formation as the signal line and the MACD-line crossed.
We can also see this trend reversal in the DMI where the negative momentum has somewhat stopped as the positive momentum has started to form.
This is not financial advice.
Entry Price: 38000 USD
Target Price: 40000 USD
Target Price 2: 42000 USD
We can see in the price chart that the price of Bitcoin seen to have bottomed out, and this movement can also be seen in all three measured indicators.
The RSI hit its perceived bottom at 22 and the MACD also seemed to have the same bottom formation as the signal line and the MACD-line crossed.
We can also see this trend reversal in the DMI where the negative momentum has somewhat stopped as the positive momentum has started to form.
This is not financial advice.
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