COINBASE:BTCUSD   Bitcoin
In February, where it hit its most oversold point on the RSI since September of 2017, its now moving closer to that point again. In Feb, we had a really nice bounce from $7k to over $10k. I'm sure it will bounce again BUT will it change momentum? This is why I think this is at the most pivotal point we've seen BTC since its first major run. This can mean sink or swim. If we break the $5,500 - $5,700 support, we may see BTC hit lows we haven't seen since summer last year. Another note, the EMA's are crossing which usually shows its heading into major BEARISH area. I don't bother doing charts on other coins because they almost always follow BTC trend. Always keep that in mind. Thanks for checking out my chart feel free to give me a follow and share with me your ideas! Cheers!

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.