I'm quite new to crypto and TA analysis as a general.. my ideas have played out quite well so far but I guess it's always easy on a bull run.
This afternoon I noticed the RSI indicator has crossed the 70% dotted line. Almost every single time this has happened on a daily chart BTC has dropped the following day.
As to where it could drop, if we close above 74 im...
BTC has enjoyed a two day run since surpassing the 41.6€ resistance.
Yesterday BTC tested for the first time the 44.4€ mark being unable to close above it.
The way I see it, we've bounced back and were we to test it again and succesfully break it, there would be another clear road until the 47 mark.
After successfully closing above 37.2 we begin the day with a nice green candle.
If the previous resistance has turned to support we can expect two targets.
A daily resistance would be 38.9 based on previous resistance and support levels that coincide with the 0.5 Fibonnaci retracement.
A weekly resistance would be 40.4 based again on previous resistance and...
