Bitcoin TA about the same since we posted 4 days ago.

embomb701 (58)in #bitcoin • 6 years ago

4 days ago Bitcoin was roughly the same place, the price a bit Higher but the RSI more oversold.

Compare this to a few days ago below and you will see that we are holding the same support (the yellow line), but the price action is now longer marching toward $8,500. The RSI is cooling down and the price is getting lower, this is a good thing. We need the RSI to cool down before we make a play for the next level of resistance which is around $8600. The Bulls broke through the 7700 resistance level which is now acting as our support, and after doing this the price needs to cool down a bit before another attempt at the $8600. I am not going to cover the alts again, that are all consolidating because Bitcoin is consolidating. We are all holding our breath for the SEC announcement in 10 days, lets hope for good news.