Vertical blue lines represent the halvings. Take a look at the RSI values from the past halvings periods and compare it to the upcoming halving. We are already in the highly overbought area with the extreme greed index (82) and the ATH. My opinion is the price must go down in order for the rise to be sustainable so I expect a significant pullback... although with...
Btc stuck at 52ish resistance. Bearish divergance for a while on the daily time frame. Weekly rsi in the overbought zone. Weekly candle in red (so far). Return to (at least) 40000 needed for a healthy rise. This is logic but we are talking about bitcoin :)
Avax price is at strong historical (2021) resistance on the weekly chart. Rsi is in the high oversold area. On the daily chart the volume is dropping for six days and the price can't break 42ish resistance (bearish divergance). Also the Rsi is above 90 on the daily chart. My opinion is it needs to cool down before another jump.
Avax price is at strong historical resistance on the weekly chart. Rsi is in the high oversold area. On the daily chart the volume is dropping and the price can't break 42ish resistance on the several candles. Rsi above 90 on the daily chart. My opinion is it needs to cool down before another jump. What are your ideas for the rise continuation if so?
Declining trend and volume. Daily RSI 89, weekly RSI 85.
BTC weekly struggling with the resistance, volume declines, I don't understand all the hype and optimism... yet I turn bullish when this resistance becomes support.
As shown in the chart... Bearish divergance on RSI MACD line about to cross the signal line MA 300 resistance End of March/April '22 scenario? My opinion... maybe touching 25000 usd area and then drop...
What is bullish here until the 200MA is broken? Volume, RSI, trendlines, channels, timespan to the next halving, economic uncertainty, wars...? I really don't get all the bullishness around. Anyone with the reasonable argumentation?