BITCOIN The RSI Lower Highs is the key

24. Mai 2023

Bitcoin (BTCUSD) is yet again testing the 1D MA100 (green trend-line), for the 4th time is 12 days. While this is obviously the Support (if broken then the 1D MA200 can be tested) and the 1D MA200 (blue trend-line) the short-term Resistance, it is the 1D RSI that we might want to be looking at for the next confirmed buy entry.

As you see it is currently under a Lower Highs trend-line with the last rejection coming yesterday. Every time it broke above such Lower Highs trend-lines since the start of the year, a strong rally followed (+16.88%, +43.59% and +11.34% respectively).

Is this one of the indicators you'll be looking for a buy signal? Feel free to let us know in the comments section below!

-------------------------------------------------------------------------------

** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **

-------------------------------------------------------------------------------

💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇