Bitcoin es muy aburrido. So boring.
As you can see, we did have multiple candles test the range lows successfully as support, a decent sign. That said, price is still trading below the track line on Trading Alpha and we don’t have grey dots. I also noticed that RSI has bounced relatively hard back to 50 without much price appreciation to show for it.
Chop. I see absolutely no reason to deeply analyze this asset right now. We are in the post halving hangover.
As you can see, we did have multiple candles test the range lows successfully as support, a decent sign. That said, price is still trading below the track line on Trading Alpha and we don’t have grey dots. I also noticed that RSI has bounced relatively hard back to 50 without much price appreciation to show for it.
Chop. I see absolutely no reason to deeply analyze this asset right now. We are in the post halving hangover.
scott.melker@texaswestcapital.com