Crypto-RyGuy

BTC 8-3-21 Possible Healthy Pullback

Short
BITSTAMP:BTCUSD   Bitcoin
After breaking our current rising trend line we are seeing what I think as a healthy pull back into our previous resistance zone now hopefully turning into support. A bullish sign would be breaking our continuous downward trend, which I think will happen at about the 36,500 zone. We can assume this will happen hence the cross over our middle band onto our lower BB band. Another thing to note is our stoch RSI and RSI 14 is very near a bottom hinting we could see a reversal move to the upper band.
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.