Good evening as I supposed last time we reached the first target for rebound in 8300 usd area. Now there are many resistances in the path. First of all Stochastic
is crossing signal line and Btc
is in contact with 50 period MA (first important resistance). On the other end RSI
has broken its negative trendline
indicating a buying signal on BTC
. I say to pay attention - before taking significant long position- to the crossing of 200 period MA. Negative pressure is decreasing but we could go to test minimum again before a significant change in trend.Keep in mind the many important coins are at their minimum price and this is a significant "signal bottom" but this signal is not sufficient alone.
"A picture is worth a thousand words"