Bitcoin has retraced significantly after the recent spike and has been majorly over-sold. The RSI sits at a critical level and the CAMA shows an extreme divergence against the crypto-index. This is the perfect combination for a safe, long entry.
While I am unsure as the extent of this rally, it could break well above the $7000 mark and officially end the bear market.
While I am unsure as the extent of this rally, it could break well above the $7000 mark and officially end the bear market.
Note
Next leg up incoming.
Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.
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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.
Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.
kenzing.com
kenzing.com
Related publications
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.