Today we are analyzing BTC, let's Analyze & see what the charts are interpreting to us...
on February 24th, 2020, a chart was posted on seeing hope far BTC would retrace, this retrace lead down to 8500$ on most exchanges, this caused BTC dominance to increase therefore most Alts Retraced all of the profits it had in the last 2 weeks
Daily Chart (D)
Looking at the daily chart, the 200 MA has defended the price from further drawdown. The daily chart has shown us a potential of bounce however, we must wait for further confirmation in it. More detail analysis soon
-MAC D Curling up with Histogram
-RSI severely oversold
- last 12 hours we have had nice momentum
on February 24th, 2020, a chart was posted on seeing hope far BTC would retrace, this retrace lead down to 8500$ on most exchanges, this caused BTC dominance to increase therefore most Alts Retraced all of the profits it had in the last 2 weeks
Daily Chart (D)
Looking at the daily chart, the 200 MA has defended the price from further drawdown. The daily chart has shown us a potential of bounce however, we must wait for further confirmation in it. More detail analysis soon
-MAC D Curling up with Histogram
-RSI severely oversold
- last 12 hours we have had nice momentum
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.
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.