Bitcoin rejected at 3 day RSI trendline that's been resistance for over a year now...
Bitcoin smacked down right where one would expect...
What will bitcoin do from here?
Bitcoin hit the downtrend line that it has hit several times over the past year or two.
And when I say downtrend line I am referring to the downtrend in the 3 day RSI trendline.
Check it out:
(Source: https://twitter.com/MatthewHyland_/status/1560704543284936704/photo/1)
Once bitcoin breaks this trendline, it's game on.
Until then, it's just a waiting game.
nice analysis brother ....but i think once again it will touch at 26000 @jondoe
or atleast as per Capo, $25500 is an interested area. Rest a crypto symposium is happening in London, do you feel it could affect the market in a bearish way?
Yay!👍 We collecting more Crypto. Reshared your post🔁
Upvoted! Thank you for supporting witness @jswit.
Following price action, it would seem Bitcoin is heading down again, since there's not been any clear evidence that the bear trend is over.
But, anything can happen. The opposite might happen.
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This is a good article.
I still don't know how to read indicators and charts.
I'm just waiting for the downtrend to end soon.