BTCUSD TREND LINE - Bearish Short-Term
Updated
StochRSI seems to indicate that BTC will decline this evening and into tomorrow. When bitcoin starts trending up keep careful eye on price and RSI as it approaches the main trend line. If Stoch is near 80 when approaching trendline establish new short position.
Note
Stoch is coming down on 1hr & 2hr -- this is a necessary evil and the present drop is a good sign for a trend up. Price should start jumping up pretty soon and this time we will give trendline a real test.
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.