BTC update April 11
Hello champs,
It's been a while without posting but know I'm back and to kick things off we'll start with BTC on the 15 min timeframe.
As you guys notice after the CPI declaration yesterday we had a dump in the prices but it was bought off very quickly and from yesterday's bottom we've rallied around 5% but what's next for today and tomorrow.
We can clearly se a divergence beeing created between the price and the RSI indicator where we are forming higher highs but the RSI is forming lower highs and that indicates that we are loosing buying power and that's bearish for the upcoming hours.
The only way we can go back up is by breaking the resistance line on the RSI.
I'll try to publish another chart breaking down my bull run analytics and my prediction for the date of the top stay tuned for that all the facts will be presented for you to see.
It's been a while without posting but know I'm back and to kick things off we'll start with BTC on the 15 min timeframe.
As you guys notice after the CPI declaration yesterday we had a dump in the prices but it was bought off very quickly and from yesterday's bottom we've rallied around 5% but what's next for today and tomorrow.
We can clearly se a divergence beeing created between the price and the RSI indicator where we are forming higher highs but the RSI is forming lower highs and that indicates that we are loosing buying power and that's bearish for the upcoming hours.
The only way we can go back up is by breaking the resistance line on the RSI.
I'll try to publish another chart breaking down my bull run analytics and my prediction for the date of the top stay tuned for that all the facts will be presented for you to see.
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