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trieutv
Feb 19, 2022 9:50 AM

UP or DOWN, what do you think? Long

BITSTAMP:BTCUSD1W
Bitcoin / U.S. dollarBitstamp

Description

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On weekly chart,

- Negative signal RSI, BTC need a positive divergence signal.

RSI < 50, BITSTAMP:BTCUSD down in range 70-80% from ATHs.

Right now, BTC just downed more 50%. So it's done? Maybe not yet.

But when zoom in



BTC has been downing more 35K equivalent to previous times. If the decreasing has done, BTC comes back to the race go up to 79K.

Unless, we have a support at 20K.

Time will tell!
Technical IndicatorsParallel ChannelTrend AnalysisBTCUSDcryptohistoryrepeatsitselfsignalstrieutvprojection
Comments
suvny21
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really good price channel
socc22
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it's been said by others that the dip that mirrored the market plummet in 2020 is an anomaly and should be ignored with drawing a trend line.
trieutv
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@socc22, I see. But I think life always has many anomaly. Unless it's an anomaly, BTC is worst right now because it is out of ascending channel.
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