pjims
Long

BTC/USD - Reversal on the Cards (but Confirmation Required)

BITFINEX:BTCUSD   Bitcoin / Dollar
Hello! I hope you're all fine.

Looking at the daily chart of BTCUSD             , the market is currently still very bearish but I can make a case for a potential long entry in the region of 7700-7000 if we get a confirmation in the form of a pin bar or a double bottom in the coming days.

Why? 1. There are some old tops on the left that can provide support. 2. We have the 200 moving average here as well (and it would be extremely negative if we broke below it). 3. For the first time since 3000, the 14-period RSI has gone oversold. It marked a reversal the last time around.

So, like I said, we need a confirmation first, but this is a potentially attractive area to watch. Thanks!
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden