BTC: Daily RSI Breakout
As we can see in the above chart for 2021 - 2022, every time the daily RSI for Bitcoin breaks above the downtrend, it signals a reversal. There is hidden bullish divergence on the RSI between the May 19th low vs the January 22nd low.
I'm not saying a reversal is in place yet. We will have to see how things play out in the coming weeks. In addition, BTC is near the bottom of a massive falling wedge.
This is not financial advice. These are just my ideas and opinions.
I'm not saying a reversal is in place yet. We will have to see how things play out in the coming weeks. In addition, BTC is near the bottom of a massive falling wedge.
This is not financial advice. These are just my ideas and opinions.
Note
Breakout.
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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.