Bitcoin is about to break up, RSI broke down trendThe daily RSI indicates that the downtrend is broken. The action price should follow the first objective price of around 43k.
Breakuptrend
BG BREAKS 2017 RESISTANCEBG is on a bear channel since the end of 2017.
Today it break the trend line that works as resistance.
DMI says it's very BULLISH
But RSI it's close to overbought zone.
Then we can expect a Throwback on the Old Resistance and then if fundamentals and notices goes with us.
First Obejctive at $62 (20,5% from current price)
Will see.
#bitcoin - Sell-Off not successful so far. Looking at this nights try to initiate of a breakdown the support level failed for now and has been bought back big times. This does certainly not mean we are out of the woods, but closing the week above the Quaterly Pivot was a good start, especially with a spot-landing on the potential low of the potential Adam and Eve. We do know this pattern well from our $3k-bottom, so don´t laugh at it or even ignore it. It will certainly be invalidated if we breakdown, but that´s not the case yet, it has been defended.
With the new Weekly Pivot just above the price around $9.8 (red label) and the Trendline coming down, this is the mark, that we have to overcome to make this A&E possible. Too early to trade.
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(This is a follow-up, I missed the whole thing cause watching Fortnite WorldCup, CONGRATS to BUGHA, you a hero man!! ;-P)
Warm regards,
Neru
breakdown under uptrendon the daily chart usd jpy is in a downtrend, has been retracing for the last week tho
connors rsi was greater than 80 which in the past indicated good short entry signals (idea for quant journal test the accuracy rates of indicators on each symbol)
hitting resistance at 108.282
broke under the uptrend line indicating weakness in the trend
setting stop loss at 15 pips
Take profit at 15.6 pips
usd news at 945
wait for update
