AxelZB

AxelZB

We can see a bearish divergence in the 1D RSI, we also see the price already over the top of the daily bollinger band and if we look in the 4H and 1H timeframe we see a very high RSI which is probably bound for a correction. I expect bitcoin to retrace a little bit around the 59.5k level touching the lower trendline and subsequently making a move upwards into the...

AxelZB

In the recent days bitcoin has moved sideways, which is actually very werid in crypto. But since it has done so very near its ATH, that means that it is consolidating, still the price is moving within a slightly tilted uptrend, so we could expect a very minor correction either this week or the next one, if I wanted to enter any trade i would at least wait until...

AxelZB Updated 

Right now the market is euphoric over new pumps on BTC, we can analyze the 1H RSI that bitcoin has when tops are reached, right now @61,200 the RSI of bitcoin is over 84, if we look at the similar scenarios to establish a pattern, we could look at the ATH of 61,700 and the local high before that one of 57,000. Both times the RSI on 1H was in similar levels (over...