We are still in a downtrend in the day chart! don't get your hopes that high!
it has the 4 things needed to be a Bearish Failure Swing! Bearish Failure Swing RSI rises above 70 (considered overbought) RSI drops back below 70 RSI rises slightly but remains below 70 (remains below overbought) RSI drops lower than its previous low. I saw it play out!
what do you think?
the pattern is following, what do you think?
Basically what I understand is that if bitcoin goes up the 0.38 fib level, is going to continue upwards, my Idea
If this one does not support the downtrend and bounces it back up, it will be very bad
this support line has worked well before, I think we should see an uptrend from here, short? long? we'll see
and the next challenge is to beat the 13,000 resistance level
I think we already tested this 9,000 support level, so, we need to see if we break the next resistance level which is at 12,000
Hello, again, I am trying to keep it simple,I am like a three weeks old new to trading, and new to cryptocurrency, is this correct?
I am kind of new on trend analysis, seen the Macd and the RSI, I see a bulish trend starting, can you confirm my observation?