Just a reminder, be careful as this could be a major bull trap and the start of 2018 capitulation. All this crazy pumping from nowhere could lead to a drop to 4K as in 2014 Bear Market Capitulation.
We had the same type of D1 death cross, have breached D1 EMA100 and are now testing W1 EMA50, also have D1 RSI oversold and could not break the triangle bottom.
You can judge only by looking at the Daily since there's no H4 history of that event on TradingView, so, this is a rough estimate that could be inaccurate. Still, use caution.
Good Luck!
We had the same type of D1 death cross, have breached D1 EMA100 and are now testing W1 EMA50, also have D1 RSI oversold and could not break the triangle bottom.
You can judge only by looking at the Daily since there's no H4 history of that event on TradingView, so, this is a rough estimate that could be inaccurate. Still, use caution.
Good Luck!
Comment:
Sorry, I mixed up overbought and oversold.
I meant oversold on a weekly prior to the pump and overbought on a daily at exactly RSI 70 after the pump.
I meant oversold on a weekly prior to the pump and overbought on a daily at exactly RSI 70 after the pump.
Back then we were D1 RSI oversold (just touched 70) and W1 RSI oversold as well and could not break out of the supply line.
Now we are not oversold on a weekly, very close to oversold on D1 RSI and managed to break out of the supply down channel.
All this can change things a bit.