Hello traders,
As you know from our analysis, we don't use to much indicators.
But, today I would like to show you RSI divergence on 1D timeframe.
What does this chart tell us?
Price of bitcoin is still going down but RSI value is growing.
This is bullish divergence and this is one of the poin which could revers down trend.
Volume is going down and big move will come soon.
1) Bitcoin will go up from 46-47k level.
2) Bitcoin will make fast drop down to 42k and then will go up.
Next important poin - for sellers is this price to low, so nobody want to sell his bitcoin for this price. Only the last retail trades are selling, because they usually sell low and buy high :) don't be like them, patience is the KEY!!!
As you know from our analysis, we don't use to much indicators.
But, today I would like to show you RSI divergence on 1D timeframe.
What does this chart tell us?
Price of bitcoin is still going down but RSI value is growing.
This is bullish divergence and this is one of the poin which could revers down trend.
Volume is going down and big move will come soon.
1) Bitcoin will go up from 46-47k level.
2) Bitcoin will make fast drop down to 42k and then will go up.
Next important poin - for sellers is this price to low, so nobody want to sell his bitcoin for this price. Only the last retail trades are selling, because they usually sell low and buy high :) don't be like them, patience is the KEY!!!
