* Looking purely at RSI * , the down trend was broken on 2nd March, marking a return to bullish territory. We are again down below the trend and since this was the third-leg up on the RSI it seems we must be heading slightly down and/or sideways for a period to consolidate either at this level or around $250.
News concerning the price paid at the US Govt bitcoin auction will probably cause an overexaggerated break. We know the price is >= $221 and probably less than $350. If price > 300 expect some price rises, anything below 300 IMO will cause a big fall.
I will be looking for shorts on any significant price rise especially if we head into overbought territory on the 1D.
News concerning the price paid at the US Govt bitcoin auction will probably cause an overexaggerated break. We know the price is >= $221 and probably less than $350. If price > 300 expect some price rises, anything below 300 IMO will cause a big fall.
I will be looking for shorts on any significant price rise especially if we head into overbought territory on the 1D.