Most previous break comes from a week ago, RSI finding support there at the moment. Second, more reliable comes from about 3 weeks ago. Also, ascending triangle on price chart.
RSI broke down 12/2013, a breakout might be occouring atm. This might be a little bit utopic, but just wanted to share this idea.
This is a follow-up to my 4H idea. Bullishness confirmed on the break of red RSI resistance line. Also, MACD seems to be turning bullish.
From the last highs 3 days ago comes the red line of resistance to the RSI. Agressive entry would be now, in anticipation of the break. Conservative would be to wait for the break and a confirmation bounce from the same line.
1st signal for long is the break of downward trendling line, 2nd is the break of resistance line on RSI (red) Vice versa for sell signal. Green(support) also appears to be around RSI 50 level, any move up/down from 50 level is usually a bigger one (considering candle sizes),
So, 1st August is nearing and with that I'm expecting a break above the red RSI line to see higher prices in BTC.
Possibility of a great move, whether RSI breaks down or up from the RSI line.
1st thing to look for is a break of downward trendling violet line. 2nd thing to look out for, is if any of the red lines show resistance. If not then we go up. Also, confirmation of bullish momentum would be when price crosses both moving averages.
How many arrows did I draw there...
Expect BTC to drop again, if the red RSI resistance and purple backtest line show resistance. Vice versa if RSI breaks above those 2.
* break in the middle of March. * breakout in the middle of April. * breakdown in the middle of June. 1st thing to look for is the the break of downward trending vilet RSI line -> stabilization of the price, might range over time (short to mid term). Bullishness will again be confirmed by the break of red RSI line. Remember to use RSI as a momentum indicator....
Early signal. CCI bullish, >100 level. Look for RSI to break red resistance line on 4H chart. SL: 155 pips TP:
Early position. We can see RSI trying to breka the support that it made on the last week of April. SL: 55 pips TP: Be on the lookout to see, wether RSI closes above red line. Then decide to add to the position (in a possible scenario of uniformity bounce) or close the position all together.
RSI looks like it's breaching out. CCI >100 SL:1.049 TP: Look for a break on the green RSI line
Keep and eye on the red RSI line, once RSI breaks above it and holds -> higher prices. Meanwhile look to see if RSI support (green line) holds, as well as the upward trending violet line on the RSI.