Hi, this is my new update for BTC. After 18% fall, we see now big price actions in BTC. The support level $50000 and SMA50 held very well. We broke both the resistance $54000 and the downside trendline. We are now on our way to resistance $58000 + we saw 3 days ago a beautiful double bottom in RSI and that indicates the bottom for BTC was $50800. Once we get RSI above 60, then we are going to get a bullish momentum. So be patient and don't PANIC ;)
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.