Bitcoin bottom is not set yet. A final stage before the reversal.
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09.12.22 – 3 2881:31:40Опубликовано 15 ноября 2018, 22:22
Price action shows mixed signals. Some bullish momentum must be confirmed within a coupe of days, or we will more likely go lower again.
RSI is at the yearly ATL, but not even close to the 2014-2015 low. At the same time, the rise in 2017 was not that sharp as it was in 2013, which means that we shouldn’t fall that low and stay there for that long.
And don’t bother with the Bitcoin Cash story – although there might be a correlation, it wouldn’t affect BTC in a long-term.
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RSI is at the yearly ATL, but not even close to the 2014-2015 low. At the same time, the rise in 2017 was not that sharp as it was in 2013, which means that we shouldn’t fall that low and stay there for that long.
And don’t bother with the Bitcoin Cash story – although there might be a correlation, it wouldn’t affect BTC in a long-term.
–––––––––––––––––––––––
Follow me on social media:
Twitter: twitter.com/CryptoHamsterIO
Steemit: steemit.com/@crypto-hamster
Tradingview: tradingview.com/u/Furba
My virtual portfolio held from Aug 31: cryptocompare.com/portfolio-pu...
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