Stoch RSI is maxed out with cross-over, very high likelihood of pullback, unless fomo (or something else) push this up.
In addition bearish cross of 100 and 200 MA.
If it breaks up, watch the 50 MA (look at 12 March) and then the 200 MA.
If it retraces here, then potential support at 7500, 20 MA (approx 7200) or back to 6700.
These movements can play out over days.
In addition bearish cross of 100 and 200 MA.
If it breaks up, watch the 50 MA (look at 12 March) and then the 200 MA.
If it retraces here, then potential support at 7500, 20 MA (approx 7200) or back to 6700.
These movements can play out over days.
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BTC hasn't been higher than 60 on the regular RSI since early Jan, when most people didn't realise what had just happened. Let's see...
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Bitcoin is moving right now, think they'll try for breakout. This is a look at the RSI confirmation for the 2014 bear market, just for info.
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the above chart is weekly
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Just to prove I'm still a massive BEAR, there's a nice bearish divergence on the 4hr chart as we head to the downtrend...
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BTC bullish pennant. Entry point idea (just an idea)
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