A rising wedge (blue lines) has already broken to the downside. Price is currently retesting the lower bound of the rising wedge . The horizontal marking what might be the TOP of this relief rally.
RSI has declined during this rally
MACD is looking weak and poised to fall back towards negative territory
RSI has declined during this rally
MACD is looking weak and poised to fall back towards negative territory
Comment:
50K broken... will it hold?
Comment:
49,450 is resistance. Bulls are retesting this level now. My strategy...
BULLISH if Bitcoin breaks and holds above
BEARISH until Bitcoin breaks and holds above
BULLISH if Bitcoin breaks and holds above
BEARISH until Bitcoin breaks and holds above
Comment:
Price is holding .... guess we're BULLISH
Comment:
The 20% drop yesterday shows that we may soon see a much bigger drop.
BEARISH and waiting for a buying opportunity when Daily RSI gets below 20.
BEARISH and waiting for a buying opportunity when Daily RSI gets below 20.
