Hi everyone, let's do a quick comparison with present-day BTC and BTC from Jan 17.
After a quick decline in price, we've seen the Bulls take over the market for the last 36-48 hours. The chart is looking almost identical to the price action we saw on January 17. The current price is wedged in between the 50 EMA and 200 EMA and the Stoch RSI is reading as oversold for the past 2 days. The SQZMOM is also indicating a change in momentum with the dark green candle sticks.
We haven't seen a correction from this small bull run yet, but we can expect one soon. The indicators are pointing towards an incoming correction.
As always, be smart with your money. Topics discussed in this post are not financial advice. DYOR
After a quick decline in price, we've seen the Bulls take over the market for the last 36-48 hours. The chart is looking almost identical to the price action we saw on January 17. The current price is wedged in between the 50 EMA and 200 EMA and the Stoch RSI is reading as oversold for the past 2 days. The SQZMOM is also indicating a change in momentum with the dark green candle sticks.
We haven't seen a correction from this small bull run yet, but we can expect one soon. The indicators are pointing towards an incoming correction.
As always, be smart with your money. Topics discussed in this post are not financial advice. DYOR
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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.
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.