edward_Z

Bitoin (BTC) to the dance floor or to the hospital?

BITFINEX:BTCUSD   Bitcoin
Nothing has changed, just a spike, if it's not a big candle, it's big wick.

There is a long way to the bullish side, next step is 4.000 (or a big fall)

But there are few signs for a bullish starting:
* 50 EMA is cracked
* trendline is craked with that wick
* RSI in bullish zone

Signs that are against:
* for short term, Stoch RSI is going to a reverse
* there is a long way till EMA100 and a huge distance till EMA200

We are still in bearish, but signs for bullish are more and more with every day passed
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.