Bitcoin may be in oversold territory once again

in #bitcoin7 years ago (edited)

The RSI is showing divergence, which means that the selling pressure has been getting progressively weaker during the day.

There is also a fairly clear reversal candle showing on the 30-minute chart.

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Think it's gonna form a new ceiling at 2400-2000 for a while (several days at least). Once it breaks out, mooning to 3.5k+.

You mean a floor at 2000-2400?

Nah, ceiling. New resistance forms on weekends + aug 1 coming up. I predict it's going to plummet before coming back up.

None can predict the future as well as crypto prices. It is manipulated by the PTBs Power To BEs as the whole governments, economies, educations, & medias ^^ I only see IMOs in my opinions & recycled news...

Check it.

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