BTCUSD - RSI Pullback Completed?

4 ส.ค. 2019

BTCUSD is testing a big RSI trend line currently. Will it turn downwards again or will it break through?

5 ส.ค. 2019

บันทึก

Testing the upper trend line right now (Leg 4). It is above the RSI trend line but it could fall back the next hours.

The 4h-chart gives us a bit more bullish picture at the moment. The break-out was a good long entry after the divergence appeared earlier on.

In other words it might be imponert to check more than one chart at the time. Especially on Crypto (very sensitive).

15 ส.ค. 2019

บันทึก

I've moved the parallel lines a bit (Leg 4 fits perfect in this way).

Next, I look after signs that indicates change of direction:
Divergence, Descending trend line on RSI, 200MA (as support) or Fib levels.

Although, It could take some time before that kind of sign might appear.