1 Day RSI, bouncing off 30 line. Last time it did this was at $6k. Also seeing bullish divergence in up to 4 hour timeframes. The last time we bounced off the RSI 30 in 1 day we retraced to the .3 fib at nearly $12k. A similar retrace today would lang us in the $8/5k area. I've taken positions with tight stops.
I'd like to remind you the 1 week is still on the way to the RSI 30 line so this is most probable to be a nice bounce to take some proffits before further down.
I'd like to remind you the 1 week is still on the way to the RSI 30 line so this is most probable to be a nice bounce to take some proffits before further down.