barenakedcrypto

[1 week Chart] If 50MA hold we should be fine. 12k+ In sight

COINBASE:BTCUSD   Bitcoin
As we can see with the dotted red line has held before and continues to hold even here.

If we go too low for too long(unlikely IMO) it might be a good time to tether.

I would not tether at this point.

If we look at the RSI, we have been bouncing in between the 46 and 56 zone( i call this the sideways zone) neither bullish nor bearish.

If we break 46rsi sell(for too long)

if we break 56 rsi hodl
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.