BTC - Price Analysis
Price has been moving down this descending channel and respecting it, as well as, the fibonacci levels as price declination occurs.
Stochastic RSI bounced and looks to be forming a double top.
RVI is currently in a double bottom formation.
Those two indicators in combination with the dragonfly doji may be signalling another bounce to the .236 fibonacci line.
Kumo, Tenkan, and Kijun are all still bearish and I would not expect large price movements.
Stochastic RSI bounced and looks to be forming a double top.
RVI is currently in a double bottom formation.
Those two indicators in combination with the dragonfly doji may be signalling another bounce to the .236 fibonacci line.
Kumo, Tenkan, and Kijun are all still bearish and I would not expect large price movements.
Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.