BTCUSD Index Support, Resistance, and Trend Idea 121621
Long term I think BTC will come back but I don't think the bears are done with their lunch yet, I'm short term bearish, long term bullish.
1Y: Supertrend bearish, below 50MA, barely hanging onto 200MA, RSI 37.69 (tad oversold), DMI bearish indicator (red) stronger
6M: Supertrend bullish, below 50 & 200MA, RSI 44.45 (neutral), DMI bearish indicator (red) stronger
3M: Supertrend bearish, below 50 & 200MA, RSI 38.89 (tad oversold), DMI bearish indicator (red) stronger
1M: Supertrend bearish, below 50 & 200MA, RSI 37.56 (tad oversold), DMI bearish indicator (red) stronger
Hard for me to determine price predictions, based on 1Y looks to me like it needs to break 61k to truly head back into bullish territory. If price action dips below 50 & 200MA looks to me like we could see prices in the low 40's again (43k of there about), this is based on the last time the RSI was below 30.
This idea is for informational/entertainment purposes, this is not investment advice. Please use caution and do your own research before trading.
1Y: Supertrend bearish, below 50MA, barely hanging onto 200MA, RSI 37.69 (tad oversold), DMI bearish indicator (red) stronger
6M: Supertrend bullish, below 50 & 200MA, RSI 44.45 (neutral), DMI bearish indicator (red) stronger
3M: Supertrend bearish, below 50 & 200MA, RSI 38.89 (tad oversold), DMI bearish indicator (red) stronger
1M: Supertrend bearish, below 50 & 200MA, RSI 37.56 (tad oversold), DMI bearish indicator (red) stronger
Hard for me to determine price predictions, based on 1Y looks to me like it needs to break 61k to truly head back into bullish territory. If price action dips below 50 & 200MA looks to me like we could see prices in the low 40's again (43k of there about), this is based on the last time the RSI was below 30.
This idea is for informational/entertainment purposes, this is not investment advice. Please use caution and do your own research before trading.
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