I think the ABC correction is done and we're probably heading for another Impulse Wave. 4h RSI is at 20 which has been a good buy signal historically. We're also at a good trend line support. Hoping to close this position at around $52 with no stop loss.
Happy Trading :)
The chart pretty much says it all. RSI near 20 and looking at it historically, 20 RSI is a pretty good indicator for a reversal. No stop loss needed because it's an oversold bounce.
Happy Trading :)
4h Chart is at 20 RSI. Historically bitcoin hasn't went below 20 RSI since 2016 so chances of a bounce are pretty good. Good short term play.
Happy Trading :)
We're at a good support level and the 1h RSI is oversold. Expected bounce tomorrow and we'll probably reach $50 this week (previous resistance). Nice swing trade opportunity. Happy trading :)
We're currently looking to drop to around $9,200 then probably bounce from there. 1h, and 4h RSI's are still above 70. Might be a good quick short. Happy trading :)
