BTC broke the supporting trendline down and was confirmed by a break down of the corresponding RSI trendline,
Now watch for a test of the 6000 level.
If price bounces look for a buy entry after a close above the falling (resistance) trendline confirmed by a break up of the corresponding RSI trendline.
Now watch for a test of the 6000 level.
If price bounces look for a buy entry after a close above the falling (resistance) trendline confirmed by a break up of the corresponding RSI trendline.
Note
BTC found a temporary low and has now made it's way back up to touch trendline again. RSI still holding its trendline. Watch for break above both trendlines, else back down to test 6000 again.Note
BTC now broken up with confirmation of RSI break and divergence. Let's see if it can move back up to test short term resistance around 9100.
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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.