BTC - Bears remain in charge - Nasdaq comparison
The trend is still bearish. Price remains in the descending wedge I drew in red and is creating support above 16000 $.
Price has been ranging for a week. A break of bollinger bands could be a signal for the next move.
RSI is showing a bullish divergence (RSI rises while price goes sideways). The ascending support RSI is creating has to hold if we want to see some bullish action. Bitcoin next key level is at 19000 $
In orange is the nasdaq comparison. We WANT to see some upwards action on the nasdaq since they are closely correlated.
Price has been ranging for a week. A break of bollinger bands could be a signal for the next move.
RSI is showing a bullish divergence (RSI rises while price goes sideways). The ascending support RSI is creating has to hold if we want to see some bullish action. Bitcoin next key level is at 19000 $
In orange is the nasdaq comparison. We WANT to see some upwards action on the nasdaq since they are closely correlated.
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