Artesp

BTCUSD weekly chart close to reversal to the uptrend.

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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1
Zoom out to weekly and isolate yourselves from the less than 1 day market drama. The weekly RSI has crossed below the historical low reversal point. MACD is indicating a reversal coming in soon too. BTC is the strong driver. See Chart.

Comments

@artsep Why after you short if it's close to reversal? Confused
+1 Reply
Artesp xs2nilesh
@xs2nilesh, The RSI heading up is an indication of price increase. Historically the point is at now is approximately the lowest that the RSI lowers, in the weekly chart.
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