BitcoinLong
Bitcoin, small pullback and then... all rise before the king :-)
Looks like BTC has some more room to run given the daily RSI which isn’t oversold... yet. Once it and the stochastics are oversold, well then, “lookout” as BTC tends to sell-off pretty well when both the stochastic and RSI are oversold on the daily, and the historical volatility’s decline is suggesting a big move, very soon. That being said, I could see a drop to the .382 (@ approx 9750) or .618 (@ 9500) from this latest impulse move and then another rally to the 11K area. I’m not expecting a big muti-week/month consolidation again until 18K-ish. Happy trading :-)
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.