Tombaik

Tombaik

As you can see there are some similarities in pattern before the previous run for ATH, therefore I would expect a similar behavior this time as well. The RSI is about 60 with the Stoch indicator being close to 90 for the 4 hour time frame. This justifies the rebound that we are experiencing. However, I don’t expect it to be much but rather close to 1.4 USD. ...

Tombaik

During last two days we have seen increasing trend in Bitcoin price however, the priced approached higher low trendline resistance and bounced of as expected. Histogram on MACD chart showed negative value for the first time since the beginning of the increase two days ago. Right now the MACD line moves in the same direction as price alongside with RSI and Stoch....

Tombaik

The price should bounce from the high low trend line and decrease again to the point of the support. We are expected to see an upward trend and formation of a new high high trendline, up to the point of $250.