BTC will rise? Let's know what the technical say!
Time Frame - 1D (This means it's a swing trade)
BTC is tend to form a Double bottom (a bullish chart pattern) , if it sustain above the support of $19250 , so it's a bottom level for BTC.
Now, we should be looking for bullish reversal candle stick near the support, if any formed! you can take it as a consideration & combining other factors as well, one can go long.
Indicator :-
RSI - the previous bottom RSI was at 22.63, & now the bottom is same, but the RSI is 28.93.
this means, that price is going down but the momentum is the stock is more for the bulls , this is called Bullish RSI divergence.
Disclaimer :- I'm not responsible for any losses, incurred by you. This analysis is for information perspective, you will be responsible for your own actions.
BTC is tend to form a Double bottom (a bullish chart pattern) , if it sustain above the support of $19250 , so it's a bottom level for BTC.
Now, we should be looking for bullish reversal candle stick near the support, if any formed! you can take it as a consideration & combining other factors as well, one can go long.
Indicator :-
RSI - the previous bottom RSI was at 22.63, & now the bottom is same, but the RSI is 28.93.
this means, that price is going down but the momentum is the stock is more for the bulls , this is called Bullish RSI divergence.
Disclaimer :- I'm not responsible for any losses, incurred by you. This analysis is for information perspective, you will be responsible for your own actions.