Dear fellow traders,
Everything has been explained in the chart. Please comment if you need any clarification or have any questions. There is a formation of rising wedge on the bitcoin monthly chart (Google what it means).
There is a bearish divergence on RSI. See point A and B on price chart and RSI. Price rises from point A to point B on price chart, but on RSI, Point B is lower than point A.
Note: This is a monthly chart analysis.
Note: This is not a financial advice. Do your own research before investing.
Everything has been explained in the chart. Please comment if you need any clarification or have any questions. There is a formation of rising wedge on the bitcoin monthly chart (Google what it means).
There is a bearish divergence on RSI. See point A and B on price chart and RSI. Price rises from point A to point B on price chart, but on RSI, Point B is lower than point A.
Note: This is a monthly chart analysis.
Note: This is not a financial advice. Do your own research before investing.
Note
Still following this chart
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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.