Hello Everyone,
Thought I'd give an update on BTCUSD , as after its return from the correction it is now showing more bullish signs.
Please do keep in mind it does not necessarily have to wind up going the same way as pointed out in the chart. The blue LSMA and red RSI do have to cross and close above 50, before these signs are valid. We could end up seeing the blue and red lines bounce off of 50, going further below.
What I've pointed out in the chart is just more likely to happen, seeing the orientation of the red RSI and blue LSMA .
Indicators made and explained by user WyckoffMode
Thought I'd give an update on BTCUSD , as after its return from the correction it is now showing more bullish signs.
Please do keep in mind it does not necessarily have to wind up going the same way as pointed out in the chart. The blue LSMA and red RSI do have to cross and close above 50, before these signs are valid. We could end up seeing the blue and red lines bounce off of 50, going further below.
What I've pointed out in the chart is just more likely to happen, seeing the orientation of the red RSI and blue LSMA .
Indicators made and explained by user WyckoffMode
