BTC will prevail for BITSTAMP:BTCUSD by MutexLock1

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trendanalysis chartpattern indicator btc btcusd bitcoin crypto cryptocurrency

It does not look very clear for me at the moment, but after analyzing the RSI and volume indicators I came to a conclusion that we're heading east. There is enough interest in BTC backed by increasing volume amount. I believe we're ready for the next bull run!

Comment: RSI hits 30%, it's indeed a good sign. Buckle up, morons!

Comment: RSI seems to pal up with Volume Oscillator, this is a good omen.

Comment: Let the roller coaster ride begin!

Comment: Cryptos... They moon so fast...

Comment: Looks like 3700$ is our new support!

Comments

I think it's a bear trap.

Hi Mutex,
Can you be more spesific about next bull run. Should we wait for 3200 level for buy, or 3300 is okay?
Thanks in advance.

orophin

@orophin, Hi, in my opinion it can pretty much fall down to 3100 or even lower... But this is crypto world and it's never late to buy :) Don't listen to me blindly, I'm just a beginner trader, I don't understand shit.

MutexLock1

@MutexLock, Thanks for answer. I'm also beginner too. Just lost some hundred bucks in today's bear attack.. :/

orophin

@orophin, ouch o__o

Would you care to explain what euphemism "heading east" means?

rioZG

@rioZG, to the right.

rioZG

@rioZG, I was trying to say that the price isn't going to change dramatically