Get started
sebastianjohansen

BTC healthy

Bitcoin / TetherUS (BINANCE:BTCUSDT)  
sebastianjohansen Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Technical Indicators Fundamental Analysis BTC ALTS EOS Support and Resistance hns Relative Strength Index (RSI) d1 Bearish Patterns correction
2
0
trendanalysis indicator fundamental btc alts eos supportandresistance hns relativestrengthindex d1 bearish correction
BTC give RSI and falling wedge breakout and makes bullish jump, it seems to hit a resistance line at the neckline for a H&S pattern on the D1 chart. Last time BTC breakout RSI it went up, corrected and went up again as indicated by the red and blue boxes from August last year. I expect BTC to bounce off the support line, maybe consolidate a bit while liquidity enters market before we see it jump to the resistance for another retest. RSI is bearing on D1 chart hence why I think there will be consolidation/correction. $42k is a good price to pick BTC or any alts. Coins like EOS which are at ATL in BTC pair will be good to pick when BTC is at $42k.

Trade between the lines, trade safely.
Comment:
Breaking neckline will open path to $51k
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.