The channel that BTC is currently respecting

Тема в разделе "English", создана пользователем Trading Ideas, 24 май 2020 в 05:15.

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    The channel that BTC is currently respecting
    Bitcoin / U.S. dollar BITSTAMP:BTCUSD
    jsea
    hR7bhgee_mid.png
    -it seems there is bottoming action as we see a dragonfly here.
    -blue line on the macd goes back a couple months indicating a bearish divergence; however there is room to grow.
    -rsi is also rising since it bottomed out a couple days ago.
    -can see an INCREASE to around 9300-9400 where we see the 200 ma and a local resistance.
    -there will most likely be a decrease from here to 8400, ultimately. (note: if it breaks this point then we can see a quick drop to mid 7k's.

    people are scared during this time

    stay safe.
    not financial advice.
     
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