Will BTC retrace here or will it continue on its current trajectory ? A lazy chart, but one that should clarify directional momentum. Will support hold at the line or will it fall right through it? If it falls through we are lacking the momentum necessary to get higher.
All I see is a textbook bull Flag with RSI reset two bullish indicators.
am17ma
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@tfidarkov, I tend to find that the Stochastic RSI, when at the bottom like that, indicates weakness and not a reset. You see very often Stoch RSI scraping along the top/bottom while price increases/decreases.