Using RSI and Price action to determine when a Bull Market is confirmed.
The green circle is the point of breakout.
The Red circle represents rejection.
A bottom has normally been defined as when the price touches 200ma
This currenty is at $21587
BTC rejected and is currently below the 50ma which marks a bear market.
When PRICE and RSI breakout of declining trend, the bull market is born again.
Hope this helps!
The green circle is the point of breakout.
The Red circle represents rejection.
A bottom has normally been defined as when the price touches 200ma
This currenty is at $21587
BTC rejected and is currently below the 50ma which marks a bear market.
When PRICE and RSI breakout of declining trend, the bull market is born again.
Hope this helps!
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.