We can see here the RSI has been over bought for a few weeks now. If we take a look at the midline channel we can see we are currently in the upper half of the channel. We can see bounce of midline support at current candle.
Looking at the RSI we can see a trend of rejection from going out of the margin tends to make a small retrace back before going up. In theory if this pattern plays out we can except to see mid 18,600 - 18,800 area.
If BTC can make a closure above 19,900-20,000. We can expect to see new All time highs!
Don't miss the pumps and dumps.
Use our Free Bitmex Trading Bot
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Looking at the RSI we can see a trend of rejection from going out of the margin tends to make a small retrace back before going up. In theory if this pattern plays out we can except to see mid 18,600 - 18,800 area.
If BTC can make a closure above 19,900-20,000. We can expect to see new All time highs!
Don't miss the pumps and dumps.
Use our Free Bitmex Trading Bot
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