BitcoinUpdated The end of the bear market doesn't seem close! - BTC update!
Zoom out and you will see that we are too far from an end, end of the bear market! All three Bollinger bands are pointing down creating downward momentum. We have now attempt on daily time frame to close above top Bollinger band that would invalidate this downward momentum that is active on weekly time frame but we got rejected 3 days in a row from top Bollinger band!
RSI is not even close to oversold area! For healthy uptrend, RSI has to test oversold area on weekly time! After potential rejection from oversold area, we may finally start to think about end of the bear market and the beginning of big bull market!
Best regards!
RSI is not even close to oversold area! For healthy uptrend, RSI has to test oversold area on weekly time! After potential rejection from oversold area, we may finally start to think about end of the bear market and the beginning of big bull market!
Best regards!
Note
Here we go
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.