divan1004

BTCUSD : Bitfinex weekly

divan1004 Updated   
BITFINEX:BTCUSD   Bitcoin
Anyway, we had been staying for long time at around 6K.
It could be a one of the most strong resistance against the moon now.

Return to the 0.618 is very encouraging to me for the confirmation of the bull market.
Until that we need to keep calm.

Good luck
Comment:
www.theblockcrypto.c...bitfinex-and-tether/

Another tether issue occured.
We do need to watch out.
Comment:
Based on the weekly chart, Stoch RSI has been staying at its top area for 7weeks. It marks the 2nd historical longest period.
This overbought signal look so bad for the next pump.
In spite of supposing BTC would takes its upward trend against its 2years downward market, some significant correction is needed though.

There could be a big or light dump to cool down its Stoch RSI. I guess.
Comment:
Still trying to breakout the 50MA.

Stoch RSI is about to shows Historical longest staying at the peak area.

Return to mean is 2382.
Comment:
There is a CME expiration on the 1st of the May.
There could be a manipulation on BTC, so don't rush to the small pump & keep watching.
Comment:

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