Guys,
I am not bullish on Bitcoin yet, since we have experienced a decrease in volumes associated with an increase of Bitcoin's weekly quotation.
So far, it looks more to be just a phisiological rebound, rather than a full buy.
So let's monitor next upcoming weekly volumes. We need to see an effective increase in volumes to support the uptrend.
Stochastic RSI is still in oversold area, which is a bearish signal. Let's wait until we will the indicator crossing above the oversold threshold and a big increase in volumes.
Thank you guys,
Simone
I am not bullish on Bitcoin yet, since we have experienced a decrease in volumes associated with an increase of Bitcoin's weekly quotation.
So far, it looks more to be just a phisiological rebound, rather than a full buy.
So let's monitor next upcoming weekly volumes. We need to see an effective increase in volumes to support the uptrend.
Stochastic RSI is still in oversold area, which is a bearish signal. Let's wait until we will the indicator crossing above the oversold threshold and a big increase in volumes.
Thank you guys,
Simone
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.