What is needed to flip to Bull mode ???
Hello everyone ! Huge divergences were in the RSI for BTC, shown in RSI indicator. To continue bull mode, this correction was inevitable. Currently we are on the bearish mode and lower highs and lower lows are proving that in the daily chart. To flip to BULL mode, at least in the short term, we need to make our first higher high in daily chart which means we need to close a daily candle above 37500. This is because tha last high on the chart is on that level and even 26 day falling trend would be broken with that. Hopefully, we can do that as soon as possible. Have a nice one!
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.