BTC longterm curves
I used a curves that follow a set of rules to produce lines of support and resistance and confluence points. It is a derivation of the fib circles but the goal to capture more pivot points per curve.
Currently price sits on a support curve, the RSI shows bullish divergence and is squeezing against the long term downward trendline. A break out is expected which will lead to a surge of price to the confluence point at around 30k.
Currently price sits on a support curve, the RSI shows bullish divergence and is squeezing against the long term downward trendline. A break out is expected which will lead to a surge of price to the confluence point at around 30k.
Related publications
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.