Bitcoin: Low volume, high RSI, pullback likely
As highlighted in the chart, a pullback in the short term (to retest the support) appears likely.
This is in line with my observations in the last few days:
On the other hand, we can see that an inevitable golden cross is coming. This means the pullback is not going to be strong --- which is the bullish case.
The bearish case would be if the pullback is avoided before the golden cross, and a crash to below $4200 can happen.
This is in line with my observations in the last few days:
On the other hand, we can see that an inevitable golden cross is coming. This means the pullback is not going to be strong --- which is the bullish case.
The bearish case would be if the pullback is avoided before the golden cross, and a crash to below $4200 can happen.
Note
pullback may have started. I'll do another chart later today
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.