RSI_Trading_Concepts

BTC new range for the week

BITSTAMP:BTCUSD   Bitcoin

BTC new range:

Lower High RSI Price Support "Blue" and Higher Low RSI Price Resistance "Orange".

Charted on Daily time frame.

Support $28248/$28072 and Resistance at $29868/$29912.

If the RSI closes under the Lower Low RSI "Green shtline" there is Hidden Divergence developing as long as Price doesn't close under its Green shtline, which price will have to travel under $25100 to make that happen.

My opinion price will test resistance level first then test support after, RSI is testing the RSI Green shtline for support currently.

Middle of range so no trade for me until these zones get hit.

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