Hello there,
Bitcoin is showing big Bullisch divergence in the RSI and MACD (yellow lines), it also touched the 0.618 fibbonachi from the entire movement up. A quick trade is therefor an option. Long term downtrend will be continued but for now we may see an upwards movement to 5800 and possibly even 6100 euro.
Invest at own risk and always perform your own Technical Analysis before entering or following a trade.
Bitcoin is showing big Bullisch divergence in the RSI and MACD (yellow lines), it also touched the 0.618 fibbonachi from the entire movement up. A quick trade is therefor an option. Long term downtrend will be continued but for now we may see an upwards movement to 5800 and possibly even 6100 euro.
Invest at own risk and always perform your own Technical Analysis before entering or following a trade.
Bitcoin struggeling to break the 0.5 retracement and the rsi and macd are not supporting a whole lot of upward movement anymore.