BTC/USD Similarities between past prices and RSI
well i could point the current situation in relation to two points from past
7th to 9th may price levels got high and then gradually the RSI showed similar trend to where it is now
14th may to 15th may similar RSI and price action
28th to 29 may
what i can make out of such is what happend after 9th small rise then a dump from 10th and comming day
well the price after 15th went up a little and it held the positions before it went down when every one was expecting a launch to 10k some even 30k
didnt happen
today
well it maxed the cchancces are the resistance level that people are talking about that it couldnt break i think it will be broken but the down trend will continue untill or unless am wrong in spotting a reversal which i dont expect
am not that tried judging that
but 9k levels dump will be ok or 100$ below that i dont see it going down much
7th to 9th may price levels got high and then gradually the RSI showed similar trend to where it is now
14th may to 15th may similar RSI and price action
28th to 29 may
what i can make out of such is what happend after 9th small rise then a dump from 10th and comming day
well the price after 15th went up a little and it held the positions before it went down when every one was expecting a launch to 10k some even 30k
didnt happen
today
well it maxed the cchancces are the resistance level that people are talking about that it couldnt break i think it will be broken but the down trend will continue untill or unless am wrong in spotting a reversal which i dont expect
am not that tried judging that
but 9k levels dump will be ok or 100$ below that i dont see it going down much
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.