cryptosrocket

Bitcoin (BTC) Update: Bollinger Bands, RSI, Stoch, MACD & More!!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
We've not hit the floor of the bollinger bands yet... we still have some margin down, but we're almost there.

Let's see how the indicators are now...


RSI - It was time for a dip here as it had a continuous climb until almost overbought levels.

Stochastic RSI - It was at overbought levels for a looong time... finally came down.

Stochastic - It was at overbought levels for a while before the dip.

MACD - A closer look reveals that a cross-down looks quite natural and with smaller scales it has already occurred.


It's not just the cryptos market that's down atm, all the major indexes opened lower this morning: Dow Jones, S&P , Nasdaq, WTI Crude...


Conclusion: Putting all this together... it's not unexpected that a minor correction happens at that moment, right?
The MACD indicator shows that bears have been losing their strength since the beginning of the major correction.
So, What do you think about next move ? Above 7k or low 6k ?
Reply
cryptosrocket oguzhan5069
Thanks for comment! I'd say that the chance of going below 6K is around 60% atm... here are the pivots and resistances that we should keep an eye in the short-term >>
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out