Hello traders,
Are you bored of Bitcoin trading? Well good news is we will probably see another movement in 2 days.
Historically speaking, every time Bitcoin hit higher low or lower highs, there are 14 days of accumulation time before it makes clear decisions. It has been 12 days since Tether FUD pump, so we can expect movement very soon. (Bollinger band is also starting to narrow) What interest me the most is fact that RSI is staying deadly flat for past 12 days, even though we see American market is crashing hard. So does this mean people will start invest in Bitcoin because there is no correlation between American market and Bitcoin? Time will tell, but this is actually very good sign for bulls, as bears are starting to scared of potential bull run.
Perspective:
Bull signal: Bull flag formation, RSI bull flag
Bear Signal: Stoch RSI bearish cross-over
Are you bored of Bitcoin trading? Well good news is we will probably see another movement in 2 days.
Historically speaking, every time Bitcoin hit higher low or lower highs, there are 14 days of accumulation time before it makes clear decisions. It has been 12 days since Tether FUD pump, so we can expect movement very soon. (Bollinger band is also starting to narrow) What interest me the most is fact that RSI is staying deadly flat for past 12 days, even though we see American market is crashing hard. So does this mean people will start invest in Bitcoin because there is no correlation between American market and Bitcoin? Time will tell, but this is actually very good sign for bulls, as bears are starting to scared of potential bull run.
Perspective:
Bull signal: Bull flag formation, RSI bull flag
Bear Signal: Stoch RSI bearish cross-over
Note
We are approaching breakout zone. Trade with caution. Be careful with huge wicks.
Note
As expected, bear break after exactly 14 days!!!!!!
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.