BCryptological

BCryptological

With the hourly Stochastic RSI at zero and an RSI of 25, it was inevitable that the short rally of the past six hours was due and the buying pressure has pushed the Stochastic RSI up to the absolute ceiling for the past four hours... priming us for strong selling momentum. So, with RSI indicating that BTCUSD is not even close to being oversold, we are imminently...

BCryptological

The last time Bitcoin's RSI fell below the critical 30 level was 5th Feb, when the Stochastic RSI also indicated selling momentum was exhausted. That event immediately proceeded a rally taking BTCUSD from 7000USD to 11000USD in just 12 days. The BTCUSD RSI, Stochastic RSI and candlesticks are all lining up to replicate that event almost exactly. Expect a further...

BCryptological

As I predicted yesterday, the BTCUSD 50 day Moving Average has now crossed over and below the 200 day Moving Average, creating what is known as a death cross . This is the clearest possible indicator that we are just at the start of an extended bear market for Bitcoin and on our way down to 6000USD, possibly as far as 3200USD. Hit the thumbs up if you found...

BCryptological

It's been on the cards for the past week, but the rapid selling on BTCUSD of the past 48 hours has finally brought us within touching distance of the 50 day Moving Average falling below the value of the 200 day Moving Average... otherwise known as a death cross and one of the strongest possible indicators that we are moving into an extended bear market -...

BCryptological

With BTCUSD going through an extended post-correction decline, the last few days have brought the anticipated break through the long-term support line, which was supposed to be supporting BTCUSD above 8000USD over the last few days... but no more. Since yesterday BTCUSD has been thoroughly testing the 7000USD level and both the RSI and Stoch RSI indicate that it...