Get started
tradetravellive

BTC fall - 4h RSI resistance around $11.4k - $11.5k

Long
Bitcoin (BITSTAMP:BTCUSD)  
tradetravellive Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Technical Indicators BTCUSD BTC
10
16
trendanalysis indicator btcusd btc
4 hour RSI suggest that BTC will not go lower than $11.4k / $11.5k on this down size.
Comment:
15 hours later, we are still under bearish power with RSi around 40.
MACD showing a slight uptrend...the next 8h to 12h will tell us if
we are under
a) consolidation mode (www.tradingview.com/...dation-around-11-5K/)

b) swinging between 12.5k and 11.5k for another few days
Comment:
Another 12 hours later...Feels like BTC chase option B and decided to consolidate around $11.6k
Comment:
I mean Option A
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.