As predicted in my previous post about the BTC
trend reversal, we've seen a healthy upward trend. All we need to do now? See if BTC
continues its upward reversal through the channel shown in the charts. I've been using both RSI
and Stoch RSI
in order to see when they show that BTC
is over/undersold. I'm currently seeing that BTC
is showing signs of being oversold during our rally. I'm long-term bullish
, but very short-term, it looks like we'll see a bit of a retrace after the rally. How much? I'm not sure, but as long as we stay within our upward channel, we'll see stable growth!
I'd like to hear your thoughts on BTC
! Is it oversold or will we continue to see the upward trend? Please comment below, as the more input we see, the more informed we are!
*** This is not a recommendation to buy or sell, this is for educational purposes only! ***