Sawyer170

Support & Resistance ideas.

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
I'm seeing a bullish case senario if Bitcoin can break and stay above the resistance levels of $17,050 , $17,850 , $19,150 according to the Daily Chart time frame. I'm also seeing the start to a bullish trend with the daily RSI breaking above 50. If it can stay above 50 and climb to the goal of 70 then that would have been the bullish trend I'm talking about. The reverse case senario would be the RSI not able to stay above 50 and falling below it and then most likely on its way down or either trading sideways staying in this area. RSI has not peaked or hit a top since it hit its last bottom, so this does have a chance of playing out, especially if the Nasdaq, Doe Jones, and SPX all continue to be bullish and break above 4,000+ on the SPX.
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