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PolarHusk
Sep 4, 2020 4:44 PM

BTC/USD (Temporary Bottom? Potential Double Bottom?) 

Bitcoin / U.S. dollarBitstamp

Description

BITSTAMP: BTCUSD

-After the massive sell-off recently, BTC might temporarily found a support
-The 10k area is now acting as a strong Buy zone after we saw a double retest
-We can see a Bullish candle together with a big green volume
-The RSI is showing a little divergence on the 1hr time frame
-Bitcoin might be ready to test the downward trendline resistance
-This is a sign of a temporary halt on the selling pressure in the short term
-It is too early to confirm a trend reversal so, please
-Be cautious, use stop-loss in all trade, and plan accordingly
Comments
raphealayeni
I think it's a time for a new change. We been selling BTC doing well in recent months. We gotta be cautious 💯
UnknownUnicorn3827973
I agree. Still have overhead resistance to break through first. Nice chart.
InkyGrip
Amazing Chart! thanks for sharing it! 🤟🏻
PolarHusk
@plancton0618, +
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