Eyeing a potential BULL FLAG breakout on BTCUSD 4 HR timeframe. RSI has cooled off and MACD cross looks imminent. Waiting on MACD cross confirmation and a breakout above the 3650 resistance zone. A measured move will take this trade to 3800+, likely creating RSI divergence for a great short opportunity lower.
NEO’s -97% 2018 descending channel. The technicals suggest that it is set to bounce at this level of support. There is also RSI divergence on the 1 Day timeframe.
However, a fall in BTC could drive the price lower. Bitcoin looks set to test the $3,000 support level. Which is currently around a -16% decrease in value. The correlation between Altcoins and Bitcoins...
#NEO’s -97% descending channel. Looks set to bounce at this level of support. However a fall in #BTC could drive the price lower. There is #RSI divergence on the 1Day timeframe, do you think the bears are exhausted from selling?
Bitcoin BTC oversold for the first time in 4 years!
The RSI, a key long-term bitcoin (BTC) price indicator, is reporting oversold conditions for the first time in almost four years.
The widely adopted and followed 14-week relative strength index (RSI), which oscillates between zero to 100, is currently seen at 29.80, a level not seen since January 2015. If you...
