Bonjour les amis,
Based on past historical,
BTCUSD repeatedly makes bull reversals after sub-30.00 drops on the RSI.
BTC may have a tough time breaching the strong support zone of $6,576-$6,600 at a time when the RSI is nearing a bull reversal zone. However it's still too early to call a bull reversal, as the momentum studies are still bear biased.
* A daily close above $9,177 would open the doors for a test of a major resistance at $11,700
* Only a break above $11,700 would bring a significant bull run
On the downside, acceptance below $6,000 (multiple daily closes below the said level) would signal a continuation of the sell-off
Based on past historical,
BTCUSD repeatedly makes bull reversals after sub-30.00 drops on the RSI.BTC may have a tough time breaching the strong support zone of $6,576-$6,600 at a time when the RSI is nearing a bull reversal zone. However it's still too early to call a bull reversal, as the momentum studies are still bear biased.
* A daily close above $9,177 would open the doors for a test of a major resistance at $11,700
* Only a break above $11,700 would bring a significant bull run
On the downside, acceptance below $6,000 (multiple daily closes below the said level) would signal a continuation of the sell-off
Disclaimer
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.
Disclaimer
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.