Posting some technical analysis as I see the markets about to take off and want to share my thoughts. Bytecoin panic is over and now I see a bounce at the .786 Fibonacci divergence on the RSI now waiting for the breakout in descending resistance.
@obainosoft, RSI is currently overbought! I doubt that this could be a good entry.
SimpsonTrades
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@JoeFares, Hi, newbie here Joe, can you briefly explain how something is overbought? Thanks.
cooltrader007
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@JoeFares, look at the last bottom of RSI and the instrument and compare it with the bottom now. The signal is clear for me: bullish divergenz. Plz google it, if you don`t know it.