We are approaching upward support in price and the daily RSI is approaching oversold territory. I think after another week or two of bearish price action we can expect a reversal in the markets. I just don't expect prices to rise as swiftly as some other analysts are saying. A slow recovery toward all time highs throughout the winter, and then another...
We have bullish divergence in the RSI on the 4 hr chart. Last time this happened was Jan 27th before the Elon Musk tweet kickstarted the recent run up to a new ATH.
However, we are still above the 200 MA and it wouldn't be surprising to at least go down and touch it, if not fall below for a while as occured during the last bullish divergence on the 4 hr. So I am...
Seems like a lot of FUD and worry in the crypto market right now. To me it looks like we could just be in a steep bull flag and right at the cusp of a major breakout again. Nothing is signaling to me that this is the end of this bull run. That wouldn't make sense but anything can happen as we already know.
I'm down on a long with an entry of 45.5k, with buy...
Just having fun with this chart. A possible top scenario if it moves the same percent in the same amount of days after breaking the previous ATH as the 2017 bull cycle.
🚀🚀🚀💪🤑
Disclaimer: Things move fast and indicators may be showing something entirely different by the time this is posted, please base your trades on your own research and experience.
This post is building upon my earlier idea now that we have more information. At the time of this writing BTC is currently breaking through the ascending support of the large triangle...
Disclaimer: Things move fast, by the time this is posted indicators my be saying different things, please base your trades on your own research and experience.
We have just reached a 10 day low and bounced off of horizontal support at ~30.8k and ascending support at ~31.4k. The most recent hourly candle closed above both support lines. The long term trend is...
