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Bitcoin Bullish Impulse Accelerates, but currenty Overbought

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Bitcoin has touched its +3 Bollinger band and its stochastics is in an overbought condition. The impulse is driven by fundamental factors( US-China War and the devaluation of the Renminbi), so it would be no surprise if it could move past $12,000 today.
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Beyond Technical AnalysisTechnical IndicatorsTrend Analysis

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Beyond Technical AnalysisTechnical IndicatorsTrend Analysis
forex-academy

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.