Sorry for being bearish. But I still think it's going down low based on previous events with matching RSI. Not sure though, BTCUSD always seem to defy laws of physics, so I hope I'm wrong with this.
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RSI tried to breach the resistance but failed.Note
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RSI is oversold for a bit, let's see how long can it bounce till it penetrates that ATH trend line Note
It has come a long way since I first posted this. RSI began touching the low around end of Dec '18. It bounced like I was hoping for. People started saying it will go sideways (distribution cycle) after this. Curious to see what will really happen to BTCUSD market this year. Cheers, and happy new year.Note
*(accumulation cycle)Note
Have you long XBTUSD yet?
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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.