A few quick tips about Bitcoin
Hello!
Let's take a look at Bitcoin daily chart. 01 October showing us Doji candlestick, which usually bearish if it appears in resistance:
On other hand we can see Weekly chart, price just rebounded from MA100:
So it Could be a short-term rebound or bullish signal, write in comments what do you think?
Key support levels now at 7500-7400, and at 6200-5800 zones.
Let's zoom in Daily RSI: Now RSI in critical oversold region, with small bullish divergence. Previously you can see we had ATL (all time low) at level of 10.34 in December of 2018. Right after it we've got big bullish divergence and price started slowly climbing up from 3000-4000 zone. What forecast we can make for now? So, keep it simple and wait for next move on RSI and we will see.
If price can drop to next support, and RSI will drop to one level up -- that will complete RSI bullish divergence and give us another big buy signal.
Let's take a look at Bitcoin daily chart. 01 October showing us Doji candlestick, which usually bearish if it appears in resistance:
On other hand we can see Weekly chart, price just rebounded from MA100:
So it Could be a short-term rebound or bullish signal, write in comments what do you think?
Key support levels now at 7500-7400, and at 6200-5800 zones.
Let's zoom in Daily RSI: Now RSI in critical oversold region, with small bullish divergence. Previously you can see we had ATL (all time low) at level of 10.34 in December of 2018. Right after it we've got big bullish divergence and price started slowly climbing up from 3000-4000 zone. What forecast we can make for now? So, keep it simple and wait for next move on RSI and we will see.
If price can drop to next support, and RSI will drop to one level up -- that will complete RSI bullish divergence and give us another big buy signal.
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