RSI Bearish Divergence and 200MA Death Cross On Monthly Chart
Mis à jour
Is this the mother of all crashes, not looking good for Bitcoin on the monthly chart. Bearish RSI Divergence formed, entry on the 50 level cross of the 5 period RSI. Price action failed to close above previous high of $64899 on 2 separate occasions, which normally means it is a strong level of resistance. If the support level is broken at $28800 (Jun 21 Low), next stop is at the $20000 level.
Commentaire
Could the Fib 1.618 level be reached in this down trend, strong possibilty I would think as this is a strong downtrend.Commentaire
Fib 1.618 level next stop once price breaks through the 1.2 level, buckle up
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