(I really just want to use the chat. So here is my noob interpretation of my 4hr BTC/USD chart. Please upvote?)
On the 4 hour charts, it is clear Bitcoin is primed to keep reaching heights of 9400 and greater. The MACD indicates a bullish trend, and the "candles" are looking to keep pushing upwards. The RSI however, is approaching the "danger zone" of 70, showing that Bitcoin could be oversold, causing a price correction, possibly back into the 9100 region.
Thanks for reading.
On the 4 hour charts, it is clear Bitcoin is primed to keep reaching heights of 9400 and greater. The MACD indicates a bullish trend, and the "candles" are looking to keep pushing upwards. The RSI however, is approaching the "danger zone" of 70, showing that Bitcoin could be oversold, causing a price correction, possibly back into the 9100 region.
Thanks for reading.
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