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BTC medium term
From the RSI breakout about a month ago (green arrows) we get the lower green line on RSI, and a week prior to that we get the higher green line from the minor breakdown of RSI (red arrows).
Blue arrow represents the bounce off of minor-break resistance->support.
IF RSI can't hold in the zone between those 2 supports, we can expect a major drop.
There is already a red flag in the mean of descending triangle.
Also, MACD shows negative momentum.
Blue arrow represents the bounce off of minor-break resistance->support.
IF RSI can't hold in the zone between those 2 supports, we can expect a major drop.
There is already a red flag in the mean of descending triangle.
Also, MACD shows negative momentum.
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