Recently Bitcoin finally broke support as strength continued to fall at support.
-Right now Stochastic RSI %K is nearing the limit, there is a strong possibility it will rise. As I began building this chart is was 0, now its above 2.
-RSI did not yet cross below 30, so no sell signal in RSI
-Percent Rank Tops-Bottom showing bottom
-Price has moved below the lower band of the Bollinger band. Considering %K in Stochastic RSI is moving up as I type this, Likely there will be a reversal.
Look for Stochastic RSI to Cross, it most likely will. Bitcoin has bottomed. I will be looking to get out at 370 if there are bearish conditions when Bitcoin moves back to that price. Otherwise, I will re-evaluate and possibly stay in a long position.
-Right now Stochastic RSI %K is nearing the limit, there is a strong possibility it will rise. As I began building this chart is was 0, now its above 2.
-RSI did not yet cross below 30, so no sell signal in RSI
-Percent Rank Tops-Bottom showing bottom
-Price has moved below the lower band of the Bollinger band. Considering %K in Stochastic RSI is moving up as I type this, Likely there will be a reversal.
Look for Stochastic RSI to Cross, it most likely will. Bitcoin has bottomed. I will be looking to get out at 370 if there are bearish conditions when Bitcoin moves back to that price. Otherwise, I will re-evaluate and possibly stay in a long position.
