BTCUSD - 1D - is the RSI indicating the next move?

Updated

Disclaimer - I am not a financial advisor...

BTCUSD daily RSI has broken higher.
Is this indicating a similar price action?

Note

DXY (inverse BTC) - seems to be retesting a neckline.

Note

This trendline is not my idea but I believe this is playing out on the DXY.

If the DXY is being rejected from this trendline connecting lows, we might be seeing some pump on BTC.

Note

Update on the RSI that confirms the triangle formation on the price action:

Bearish overview: lower highs on the RSI and the 0.382 level was not broken.
Bullish overview: higher lows on the RSI.

Note

Whether price action is within a triangle formation (however you draw it...),
indicators are making higher lows and some also higher highs on CERTAIN exchanges.
Stoch RSI currently doing higher highs and higher lows.
Waiting for price action reaction to 10900 && 11000 levels.

pedrogarrinhas

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