BitcoinLong
BTC to 8,500-9,000
Abstract: BTC 2.29% 2.37% looks like a safe investment for the next 2 days because of the daily RSI and oscillator both reflect positive sentiments and volume.
The market has rebounded. There will be gains for the next couple of days. If you look at the RSI and oscillator patterns for the daily chart, you will see a change back to a buy market. Whether or not the next days signal a massive return to the 9000's for BTC is unknown. However, the idea is that the chance of a significant drop is highly unlikely.
Logic:
-Daily oscillator only shows -3.7
-The market has been slowly trending up, meaning that buyers outweigh the sellers
-RSI moves to 55 and trends upwards, signaling a buy movement.
The market has rebounded. There will be gains for the next couple of days. If you look at the RSI and oscillator patterns for the daily chart, you will see a change back to a buy market. Whether or not the next days signal a massive return to the 9000's for BTC is unknown. However, the idea is that the chance of a significant drop is highly unlikely.
Logic:
-Daily oscillator only shows -3.7
-The market has been slowly trending up, meaning that buyers outweigh the sellers
-RSI moves to 55 and trends upwards, signaling a buy movement.
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