BTC Daily chart review

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Analysis is in the chart.

Long story short we still have a long ways to go and the momentum indicators are not looking great.

If you look at my other analysis on the hourly chart you'll see a bearish divergence taking place on the RSI . Seems 70 is the cap in this market and this is why we are seeing prices stalled around 8.5K zone.

Anyway have a look at what the daily is showing us to put things in perspective. obviously you can see we have a long ways to go for any trend reversal to take place.

I don't like making price predictions because no one really knows where things are going to hit, but my indicators are telling me south. Especially if the bulls can't find the legs to push through some of the overhead resistance in the near term.

Good luck and be safe,

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out