Let's see how BTC is behaving.
This is a 1H chart.
This chart is for short-term trading, so be careful not to rely on it for long-term decisions.
The Fib retracement shows that the price has been going sideways and consolidating for a while now.
The market is showing Sell volumes for BTC.
Two support areas are holding the price up in case of sudden crashes. And two resistance levels are pushing down on value.
Bitcoin is still on edge, and we need to be careful with our positions.
The RSI shows that BTC is above the center levels (50), and it is going higher. Given that we're looking at a 1H chart, we might conclude that BTC is not stable at all.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $48540
Let me know your ideas.
Good luck.
This is a 1H chart.
This chart is for short-term trading, so be careful not to rely on it for long-term decisions.
The Fib retracement shows that the price has been going sideways and consolidating for a while now.
The market is showing Sell volumes for BTC.
Two support areas are holding the price up in case of sudden crashes. And two resistance levels are pushing down on value.
Bitcoin is still on edge, and we need to be careful with our positions.
The RSI shows that BTC is above the center levels (50), and it is going higher. Given that we're looking at a 1H chart, we might conclude that BTC is not stable at all.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $48540
Let me know your ideas.
Good luck.
