Possible Broken uptrend on BTC Using daily QRSI
I use qrsi to identify trends all the time. I draw them in a way that makes sense for me. We all have our ways.
You can see this qrsi uptrend was support during consolidation and pushed price several times. We now have a clean break of the uptrend with a close below AND a retest. I'm not feeling very bullish on crypto. I still think we could see a bounce on bitcoin but am not sure that would lead to new highs. This trend break feels like an early indicator of whats to come. May be best to wait patiently for possibly months.
You can see this qrsi uptrend was support during consolidation and pushed price several times. We now have a clean break of the uptrend with a close below AND a retest. I'm not feeling very bullish on crypto. I still think we could see a bounce on bitcoin but am not sure that would lead to new highs. This trend break feels like an early indicator of whats to come. May be best to wait patiently for possibly months.
Trade ist aktiv:
bitcoin is holding 10k. Bitcoin NEVER holds 10k...I'm long from slightly lower. If we are bullish this should grind up all month.