BTC: Daily RSI Breakout

2 ก.พ. 2022

As we can see in the above chart for 2021 - 2022, every time the daily RSI for Bitcoin breaks above the downtrend, it signals a reversal. There is hidden bullish divergence on the RSI between the May 19th low vs the January 22nd low.

I'm not saying a reversal is in place yet. We will have to see how things play out in the coming weeks. In addition, BTC is near the bottom of a massive falling wedge.

This is not financial advice. These are just my ideas and opinions.

6 ก.พ. 2022

บันทึก

Breakout.