BitcoinUpdated Bitcoin: A,B,C...D(?)
Hallo people, indicated above with letters A,B and C are the lows made when BTC entered in RSI oversold area. There are a lot of levels on which D could be formed including above the yellow rectangle. In my view a D will be confirmed when (a) RSI will climb back from oversold by breaking trendline, (b) MACD will cross for the upside and (c) price crosses and stabilize above 20SMA.
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Thank you for reading and for sharing your ideas.
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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.