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RE: Bitcoin Analyses Weekly Charts
but it's possible that price go down below the support while RSI is held. to make a reversal
but it's possible that price go down below the support while RSI is held. to make a reversal
Nah.. As long as RSI stays up from the red support, prices will not go to bellow.. Or maybe prices will go below but not go bellow for a long term. In fact that part already rejected 3 times and even ETF didn't cause a go down to the below of this red support. It means this area has really strong resistance and I think day by day it is getting much more stronger. So my friend believe me we are really close to the bottom. We just need to keep the lines !
We just had a small bounce as I predicted before, check the below link please..
https://invst.ly/8f9vl
From the point of my view, this bounce may not enough strong so we might return the red support again. But as long as RSI stays on that red support we will not see lower than 5k.
RSI is still to close the red support. To be sure, we require minimum one more week.