Trend line has been drawn on a confirmed downtrend that has 12 or more bars moving in the direction of the trend. Trend line has been drawn from the all time high in March of 2021 (highest high) to the current week 24th Oct 2021. Trend line is valid because it has been drawn within 2% of at least 3 peaks. A buy condition would trigger on 2 consecutive weekly...
Provided close is above the daily low/previous higher low we should continue to see bitcoin in an uptrend. Note: Not financial advice and I am not an expert.
KLV/USDT 4HR - Touch on the 200 MA, RSI pointing to oversold, close to a cross with the MACD. Looks like it could be a local bottom for the time being, will find out soon enough.
Please note I am not an expert, any comments are welcomed.
