In the bitcoin history every time after we broke the consolidation bottom's top(The red line) we had a rally to the 0.236 area first, or the previous break down support line (The purple line). For now, is the 6k. Anyone who use RSI to make their top call at 5.2k is the inappropriate use of the RSI. In the uptrend, we should see at least a divergence on the RSI to confirm the reversal, but we didn't. Also, there is no huge distribution being observed here. Hence, I will hold my 3.3k longs to see 5.8k-6k first, then the reversal will happen.
This is just an analysis for my own trading, anyone who looks for trading advice should be 100% responsible to themselves.
This is just an analysis for my own trading, anyone who looks for trading advice should be 100% responsible to themselves.
Achieve every thing but stay discipline
从心所欲不逾矩.
从心所欲不逾矩.