BTC Price Analysis - 20100
Hi All
As you can see we a channel running that was pierced to the top, when a channel is pierced and PA re-enters the channel and exits on the other boundary the measured move is equal to the full height of the channel. We can see the RSI divergence we had last month, then a down trend, RSI recharge, down trend. I am expecting some sort of range for the RSI to recharge and then the last leg down. into the 20xxx area. The RSI here is just listed for those who want to see how long a trend can go on and when it pauses as it can be a good indicator of momentum. So much for the TA kings that kept ignoring all the signs.
Not Financial Advice !!
As you can see we a channel running that was pierced to the top, when a channel is pierced and PA re-enters the channel and exits on the other boundary the measured move is equal to the full height of the channel. We can see the RSI divergence we had last month, then a down trend, RSI recharge, down trend. I am expecting some sort of range for the RSI to recharge and then the last leg down. into the 20xxx area. The RSI here is just listed for those who want to see how long a trend can go on and when it pauses as it can be a good indicator of momentum. So much for the TA kings that kept ignoring all the signs.
Not Financial Advice !!
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.