BitcoinShort
BTC medium term
From the RSI breakout about a month ago (green arrows) we get the lower green line on RSI, and a week prior to that we get the higher green line from the minor breakdown of RSI (red arrows).
Blue arrow represents the bounce off of minor-break resistance->support.
IF RSI can't hold in the zone between those 2 supports, we can expect a major drop.
There is already a red flag in the mean of descending triangle.
Also, MACD shows negative momentum.
Blue arrow represents the bounce off of minor-break resistance->support.
IF RSI can't hold in the zone between those 2 supports, we can expect a major drop.
There is already a red flag in the mean of descending triangle.
Also, MACD shows negative momentum.
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.