Bitcoin Charting Update #1

in #bitcoin • 7 years ago (edited)

Hello everyone!


I just updated my idea on Bitcoin price movement.



"On the 1HR RSI/StochRSI we are oversold, that may mean that we are going to re-test the resistance level.


On the 4HR chart, the MACD is still in the +, Stoch RSI high and RSI is @ 47.


Imho 1) we are going to either drop down now

        2) We are going to re-test the resistance and fail at it


The RSI sure is 47, and that's low. But we have been oversold like 30- and already been at 37 RSI, and so MACD in +, Stoch RSI highly oversold and RSI 47, just 10 points above the previous one, I think it's fair to assume that we are going down to the support level."

If you enjoyed my post, please give it an up vote and drop a follow!

Commend down below, what do you think? Are you headed down to lower 7K$ levels?

#cryptocurrency #altcoin #technical #analysis
7 years ago in #bitcoin by
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     7 years ago 

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