AndresThomasShirakawa

The RSI are talking about the BTC behavior clearly

Long
OKCOIN:BTCUSDIDX   Bitcoin
I do not like the charts for less than 2 hours. But in a 15-minute TF I observed the following pattern to draw their conclusions.

In the RSI I drew two lines generating a range between 58.7371 and 29.3487 with an average (dotted line) of 43.6458.
When it is in a trend bull moves leaning on the average of 43.6458, when this bear, the opposite.
When it breaks the ranks of 58.7371 it is breaking resistances and supports when it performs the 29.3487
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.