There has been a lot of chatter about Bitcoin as it's been chopping around. Everyone seems to be panicking for new lows or fomo'ing in at every up move. Resulting in this very choppy market.
What if the answer is that we are carving out a base in this channel? Is it that simple or complex?
We can see that RSI is holding this channel very well and we can see that MACD is also softening, but not much is happening with MACD yet.
You can see the last 2 times RSI got this low, it resulted in quite a rally in the coming months. Could we be here again?
Of course, if the rectangle that has formed plays out, it will lead to more downside and we will see $20,000.
But, what if this is the base and the next target is much higher?
Something to think about.
Cheers,
TCD
What if the answer is that we are carving out a base in this channel? Is it that simple or complex?
We can see that RSI is holding this channel very well and we can see that MACD is also softening, but not much is happening with MACD yet.
You can see the last 2 times RSI got this low, it resulted in quite a rally in the coming months. Could we be here again?
Of course, if the rectangle that has formed plays out, it will lead to more downside and we will see $20,000.
But, what if this is the base and the next target is much higher?
Something to think about.
Cheers,
TCD
交易進行
Hey guys, guess what's happening?交易進行
Don't mind this chart. Nothing to see here, move along.
Opinions on Chart's, not financial advice.
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Opinions on Chart's, not financial advice.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。