Looking at Bitcoin…
Actually exactly what we said yesterday.
➡️ Short bounce due to positive market news
➡️ Returned to downtrend right after
I stay with my prediction: No turnaround until we’ve reached the lower RSI level.
LIVE--・18.9k views
LIVEBen Walther
--
Bearish
More Downside Potential? Average RSI Says Yes!
Looking at the average RSI of 200 crypto tokens there’s a high probability that the bottom isn’t in yet.
Today, we broke through the resistance at ~32. Historically this resulted in a test of the lower resistance.
Certainly, there’s a chance that positive news trigger a turnaround this week. However, it could also result in a bull trap.
#analysisreport #Market_Update
Looking at the average RSI of 200 crypto tokens there’s a high probability that the bottom isn’t in yet.
Today, we broke through the resistance at ~32. Historically this resulted in a test of the lower resistance.
Certainly, there’s a chance that positive news trigger a turnaround this week. However, it could also result in a bull trap.
#analysisreport #Market_Update
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 5