Technical analysis: Don't get to excited part 2

in #bitcoin8 years ago (edited)

Hi people,

Just wanted to speak out my thoughts on the current price evolution and the little pump it had the couple of days.
I see there is a bit more volume and the feeling for the moment is rather bullish but don't get fooled.

I drawed a trendline on the rsi index that could potentially be a resistance level also.
So i think the price will rise a bit as it has a good upwards sentiment.
BUT nearing this trendline things could get more exciting and a resistance could make this sentiment go bearish again.

Although the market now is positive I think there will be a downtrend in the move again.
These are just my thougts and certainly not advice.
I think we could be in for a bullrun but not yet give it a couple of weeks till a month or 2...

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