Bitcoin Nearing Turning Point?
Updated
Wait for BTC to cross 15 day EMA and close above it, preferably as strong high volume breakout or closing above for several days without significant red candles. Keep an eye on the short time RSI to indicate momentum is shifting. Also notice that the price has been stabling over time and volume has been falling. May be reaching an equilibrium soon, a false breakout up or down and increased volumes would be an extremely strong indication of the next major move in the market.
Comment
The pattern has held. Approaching 15 EMA again so get ready for another ~10% drop if we can't get a strong close.
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.